Reports indicate that the United States and the United Kingdom are jointly investigating a cryptocurrency transfer surpassing $20 billion to a Russian cryptocurrency exchange. The transfer, which utilized Tether (USDT) and was processed through the Moscow-based exchange Garantex, is under scrutiny due to suspicions of sanctions evasion by Russia. Garantex has been targeted by sanctions for its alleged involvement in financial crimes and illicit transactions within Russia. This particular $20 billion transaction is noted as one of the largest violations of sanctions against Russia to date. Tether, a key player in the investigation, has taken steps to freeze assets linked to organizations on the US sanctions list, cooperating closely with law enforcement agencies in both countries to track and seize assets associated with the ongoing inquiry.
Examination of $20 Billion Cryptocurrency Transfer from USA and UK to Russia
by Giorgi Kostiuk
2 years ago
Other news
Kaspa Network Achieves Impressive Performance Metrics
The Kaspa network has recently achieved remarkable performance metrics, reaching 5,700 transactions per second (TPS) and processing 158 million transactions in a single day.
BGIN Becomes Largest US Holder of Kaspa KAS
BGIN on Nasdaq has made headlines by acquiring 235 million KAS, making it the largest US-listed company holding Kaspa.
Cathie Wood Reaffirms Bitcoin's Dominance Over Ethereum
Cathie Wood argues that Bitcoin remains the leading asset in the cryptocurrency sector despite Ethereum's role in decentralized finance.
Australia's ETF Market Forecast to Surpass AU$300 Billion
Australia's ETF market is projected to exceed AU$300 billion by 2025, driven by active ETFs and cryptocurrency listings.
Why Fiduciary Standards Matter in Financial Advising
Investors should prioritize working with fiduciary advisors to ensure their best interests are met.
Understanding the Hidden Costs of Investment Fees
A recent analysis reveals that expense ratios and transaction costs can significantly erode investment returns over time, emphasizing the need for greater financial literacy and cost management in investment strategies.
Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter