US Treasury lists BTC, ETH addresses tied to Russian sanctions evasion group

The Workplace of International Belongings Management of the USA Division of the Treasury has added two cryptocurrency wallets allegedly related to a Russian sanctions evasion community as a part of its checklist of Specifically Designated Nationals.

In a Feb. 1 announcement, OFAC said it had added one Bitcoin (BTC) deal with and one Ether (ETH) deal with to its checklist of sanctioned entities as a part of a transfer to “methodically and intensively goal sanctions evasion efforts across the globe.” Treasury mentioned it might impose “full blocking sanctions” on 22 people, including Jonatan Zimenkov, a Russian nationwide with entry to not less than one BTC pockets and one ETH pockets.

In accordance with the U.S. Treasury, Jonatan is the son of arms supplier Igor Vladimirovich Zimenkov, who runs the sanctions evasion community. The group was allegedly behind supplying know-how to a Russian firm following the nation’s invasion of Ukraine in February 2022, in addition to supporting sure “sanctioned, state-owned Russian protection entities,” together with Rosoboronexport and Rostec.

“Igor Zimenkov was designated pursuant to E.O. 14024 for working or having operated within the protection and associated materiel sector of the Russian Federation financial system,” mentioned OFAC. “Jonatan Zimenkov was additionally designated pursuant to E.O. 14024 for having materially assisted, sponsored, or offered monetary, materials, or technological assist for, or items or providers to or in assist of, Igor Zimenkov.”

The BTC deal with offered by Treasury showed no steadiness on the time of publication. The ETH deal with likewise contained no tokens however confirmed 4 transactions totaling roughly 5,463 ETH in early 2022 — greater than $16 million on the time.

Associated: Kraken settles with US Treasury’s OFAC for ‘obvious’ sanctions violations

The U.S. Treasury appears to have stepped up efforts to incorporate crypto wallets in its sanctions efforts. The federal government division successfully barred U.S. residents from utilizing the controversial Twister Money mixer, an motion that later prompted lawsuits from crypto advocacy teams and traders.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button