Tag Archives: Russian

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a new round of sanctions on crypto-related companies linked to Russia. The measure is part of the US government’s efforts to combat OFAC-designated entities from evading sanctions through virtual asset services. OFAC Designates Russia-Linked Crypto Companies The …

Alexei Navalny’s sacrifice for democracy is being recognized in the place where the concept of government by the people first flourished. Greece’s Thessaloniki International Documentary Festival programmed the documentary Navalny in honor of the Russian opposition leader and democratic reformer, who died in an Arctic prison in northern Russia on …

The Bank of Russia, in its latest report, revealed a concerning rise in financial scams with crypto-related elements in 2023. The number of entities involved in illegal activities, including financial pyramids, allegedly increased by 15.5% compared to the previous year, reaching 5,735 identified cases. Online Scams Skyrocket As Crypto Takes …

In a significant move to combat sanctions evasion and illicit financial activities, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Ekaterina Zhdanova, a Russian national allegedly involved in laundering and transferring funds using crypto on behalf of Russian elites.  According to the …

Binance cuts ties with Advcash soon after selling its Russian operations to the crypto exchange CommEX. Binance is set to terminate its collaboration with payment provider Advcash, thereby discontinuing ruble-based transactions. This strategic decision aligns with Binance’s ongoing efforts to withdraw from the Russian market. Binance reportedly sent an email …

In a shocking revelation, blockchain intelligence firm Elliptic has provided an in-depth analysis of the infamous FTX theft, shedding light on the complex web of events surrounding the hack, subsequent money laundering, and the ongoing quest to uncover the identity of the perpetrators.  Based on blockchain analysis, the report exposes …

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on Thursday targeting two tanker owners involved in shipping Russian oil that exceeded the established price cap.  In a recent development, oil prices saw a remarkable surge, rising by 4% earlier today, following the United States’ …

As FTX and its disgraced founder, Sam Bankman-Fried’s courtroom drama continued to unfold in Manhatten, revealing astonishing details that led to the crypto giant’s unraveling, elsewhere, the trail of stolen funds from the exchange has been found to have a Russian connection. FTX filed for bankruptcy on November 11, 2022. …

The European Broadcasting Union (EBU) has joined international journalism organisations in sounding the alarm over Latvia’s plans to remove the Russian language from public sector broadcasting, even though it is the mother tongue of one third of its 1.8 million population. “We are concerned that this new proposal will mean …

The new development comes a day after CommEX officially launched on September 26, 2023. Binance, the world’s largest cryptocurrency exchange, has exited the Russian market, selling its business operations to CommEX, a digital assets trading platform. While Binance did not disclose the financial terms of the deal, the company assured …

While the sum involved in this sanction violation might appear insignificant, it highlights the industry’s ongoing struggle to prevent breaches following global geopolitical events. British financial technology giant Wise Plc (LON: WISE) has found itself entangled in controversy after unintentionally allowing an individual on the Russian sanctions list to withdraw …

It is unclear if the restrictions are temporary or going to stay. According to a Binance representative, the exchange was considering all options in regard to the Russian market, including a “full exit”. Crypto exchange Binance has introduced new restrictions for Russian clients. In particular, the company has barred Russian users from conducting …