Millions of dollars in cryptocurrency were found in a sanctioned wallet
Cybersecurity experts have identified more than 15 million addresses associated with criminal activity in Russia
15.03.2022 - 11:10
447
1 min
0
What’s new? Elliptic, a UK-based blockchain security and forensics company, has discovered a wallet with “significant crypto-asset holdings” in the millions of dollars, the exact amount has not been disclosed. The digital assets are allegedly owned by Russian officials and oligarchs under sanctions. Bloomberg reports that Elliptic has also identified more than 15 million crypto addresses associated with criminal activity in Russia.
How does the company’s representative comment on the situation? Elliptic CEO Tom Robinson stated that Russia could be using cryptocurrency to evade sanctions. Robinson added that the extent of cryptocurrency use is in question:
“It’s not proving out realistic that oligarchs can completely bypass sanctions by moving all their wealth into crypto. Crypto is highly traceable. Crypto can and will be used for sanctions evasion, but it’s not the silver bullet.”
The US Financial Crimes Enforcement Agency (FinCEN) had earlier issued a similar statement. The regulator asked financial institutions to report any attempts by Russia to evade sanctions.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$98 532
BTC
-0.31%
-
Ethereum
$3 372.95
ETH
-0.04%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.56
XRP
+12.01%
-
Dogecoin
$0.459422
DOGE
+16.95%
-
Cardano
$1.09
ADA
+26.44%
-
Stellar XLM
$0.448028
XLM
+57.45%
-
Polkadot
$7.68
DOT
+25.21%
-
Bitcoin Cash
$531.11
BCH
+8.22%
-
Litecoin
$103.26
LTC
+14.38%