Sanctions News

US officials sanctioned eight crypto wallet addresses tied to Russian exchange Garantex and the Yemeni Houthi movement after blockchain forensics linked nearly $1 billion in funds to Houthi operations.

A US-led tariff war, preexisting economic sanctions, and global Bitcoin and stablecoin adoption could play a role in some countries’ attempts to dedollarize.

Russian oil firms are using Bitcoin and USDt for trade with China and India despite global sanctions, according to Reuters.

Crypto exchange Garantex halted trading and withdrawals after Tether froze about $27 million of its stablecoin USDT tied to the platform.

A THORChain dev has backed out and a validator is threatening to follow as North Korean hackers have reportedly sent $605 million worth of crypto through the protocol.

A Chainalysis report has revealed that US-sanctioned jurisdictions, including Iran and Russia, moved $15.8 billion in crypto in 2024, with mixing services aiding evasion.

The sanctioned agents were allegedly generating funds for North Korea’s nuclear weapons development program.

Tornado Cash co-founder Roman Storm has petitioned a judge to drop criminal charges against him after an appeals court found the Treasury unlawfully sanctioned the crypto mixer.

The digital rial is being developed for retail purposes so far, but the integration of Iranian payment systems with Russia may foil US sanctions. 

Economic sanctions have a profound effect on international financial architecture, it turns out.

Two crypto exchanges and two individuals have been sanctioned for ties to underground finance.

A spokesperson confirmed that Binance continues to serve a “limited number of existing Russian users” a year after announcing its full exit from Russia.

Hindenburg Research has uncovered evidence of big problems with a major AI hardware provider.

Binance denied reports suggesting that the crypto exchange seized funds from all Palestinians, stating that only a small number of accounts were restricted.

As the crypto industry expands, exchanges like OKX face mounting pressure to strengthen compliance and prevent illicit activities on their platforms.