U.S. Sanctions Watchdog Alleges Russia-Linked Crypto Wallet Processed $5M

An Irish national helped wealthy Russians evade sanctions and hide money in UAE, OFAC alleged Friday.

• 2023-05-20
• John Desmond Hanafin OFAC industrial companies Russia cryptocurrency wallet

Crypto Exchange Poloniex to Pay $7.6 Million to Settle Probe Into Sanctions Violations

The agreement follows a $10 million settlement the trading platform agreed to pay in 2021 as a result of a Securities and Exchange Commission investigation.

• 2023-05-02
• U.S. Treasury Department digital assets OFAC Poloniex

Crypto Crime Hit All-Time High of $20.6B in 2022: Chainalysis

Kim Grauer, the blockchain sleuthing firm's head of research, told CoinDesk TV sanctioned activity and hacking were the driving forces behind the rise in illicit transaction volumes last year.

• 2023-02-28
• Chainalysis Kim Grauer illicit activity OFAC

New ‘Sinbad’ Bitcoin Mixer Unmasked As Formerly Sanctioned Blender

Blockchain analytics firm Elliptic says that “Sinbad” is just a new name for the notorious mixing service favored by North Korean hackers.

• 2023-02-14
• Blender OFAC Elliptic Lazarus Group