The U.S. Treasury and its Workplace of Overseas Belongings Management (OFAC) imposed sanctions on numerous entities with ties to Russia on Could 19.
Treasury sanctions new crypto tackle
OFAC has sanctioned a number of entities together with Huriya Non-public FZ LLE, an organization primarily based within the United Arab Emirates (UAE). The agency has allegedly laundered cash and procured passports for Russian actors since Russia’s invasion of Ukraine started in 2022.
Sanctions towards Huriya Non-public additionally lengthen to the corporate’s CEO, Irish nationwide John Desmond Hanafin. The Treasury sanctioned Hanafin’s Tether (USDT) tackle, 0x38735f03b30FbC022DdD06ABED01F0Ca823C6a94.
Separate stories from blockchain analytics agency Elliptic counsel that the tackle has acquired over $4.95 million in stablecoin transactions.
Huriya Non-public and Hanafin are simply two people named within the newest sanctions. OFAC sanctioned a whole bunch of different people and entities with a purpose to disrupt Russia’s export management evasions, navy funds, and power revenues.
Different Russia-related Treasury actions
The U.S. Treasury and OFAC have additionally taken motion towards different crypto addresses and cryptocurrency corporations associated to Russia up to now.
In September 2022, OFAC sanctioned a number of crypto addresses linked to Process Pressure Rusich. In April 2022, it sanctioned the crypto mining agency BitRiver in addition to the Russian darknet market Hydra, which relied on Bitcoin transactions.
In February 2023, the company sanctioned Bitcoin and Ethereum addresses tied to Russian arms supplier Igor Zimenkov and his son, Jonatan Zimenkov.
The company has additionally sanctioned quite a few actors in different international locations, together with North Korea and China, in addition to the decentralized cryptocurrency mixer Twister Money.
The put up Treasury sanctions Huriya CEO’s Tether tackle over Russia connections appeared first on CryptoSlate.
