Tag Archives: Sanctions

The Office of Foreign Assets Control (OFAC) has escalated its enforcement efforts by tightening its grip on individuals and entities operating within the financial services and technology sectors in Russia, particularly those involved in virtual assets, enabling evasion of US sanctions. The enforcement agency claimed that these individuals and entities …

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 …

On Monday, U.S. District Judge Robert Shelby levied sanctions against the Securities and Exchange Commission (SEC) in response to accusations of serious misconduct in the legal action against Utah-based cryptocurrency firm DEBT Box. The decision comes after the judge determined that the SEC had committed a “gross abuse of power” …

The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced a new round of sanctions targeting networks and facilitators involved in crypto transactions linked to the terrorist group Hamas.  The move comes in response to Hamas’ alleged continued efforts to exploit various financial transfer mechanisms, …

Paul Grewal, the Chief Legal Officer (CLO) of the San Fransisco-based cryptocurrency exchange Coinbase, has fired back at the United States Government Accountability Office’s (GAO) claims regarding crypto sanctions. Coinbase CLO Refutes US GAO’s Claims The Coinbase CLO took to the social media platform X (formerly Twitter) hours ago to …

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 …

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’ …

Stephen Ehrlich, the co-founder of Voyager Digital, is reportedly under investigation by the US Commodity Futures Trading Commission (CFTC) for alleged violations of derivatives regulations.  Bloomberg has revealed that the CFTC’s enforcement division staff conducted a probe into Ehrlich’s conduct, concluding that he misled customers regarding the safety of their …

A new report shows that today, five out of the six largest Ethereum block builders comply with the United States Office of Foreign Asset Control (OFAC) sanctions. A post on X by Toni Wahrstätter, an Ethereum researcher and data analyst, reveals that over the past few months, there has been …

While battling regulatory scrutiny in the US and facing lawsuits from the US SEC, Binance runs into another potential hurdle and struggles with accusations that may see the crypto exchange permanently withdrawing all operations in Russia.  Binance Contemplates Leaving Russian Markets For Good Binance, the company that operates the largest …

In an Aug. 23 statement on its website, OFAC indicated that it had added Roman Semenov, a Russian national who helped start Tornado Cash, to a list of people who are “specially designated nationals.” OFAC wrote down all of his known email addresses and his Ethereum (ETH) wallets. Tornado Cash …

The popular crypto mixer Tornado Cash, which facilitates the anonymity of transactions, has lost a lawsuit over the US Treasury Department’s sanctions. The Treasury’s Office of Foreign Assets Control (OFAC) had accused the mixer one year ago of money laundering.  According to the agency, Tornado Cash has laundered over $7 …