• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Examination of $20 Billion Cryptocurrency Transfer from USA and UK to Russia

user avatar

by Giorgi Kostiuk

2 years ago


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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Daily Reward Code Released for Knovus Quiz

chest

Daily reward code 'Key' released for Knovus participants to earn extra points.

user avatarJacob Williams

Ethereum Market Shows Indecisive Close Amid Thin Weekend Liquidity

chest

Ethereum ended the session with an indecisive close, reflecting uncertainty in the market and a lack of clear direction.

user avatarZainab Kamara

Charles Hoskinson Celebrates Midnight's Success

chest

Cardano founder Charles Hoskinson praises Midnight's achievements and its potential impact on the DeFi ecosystem.

user avatarSon Min-ho

Binance Offers No-Fee Custody Solutions for Institutions

chest

Binance is offering a no-fee third-party custody solution for institutions until the end of 2025 in response to growing demand for secure BNB storage.

user avatarAyman Ben Youssef

David Schwartz Steps Back from Day-to-Day Responsibilities at Ripple

chest

David Schwartz announces his transition from CTO to a role on Ripple's Board of Directors after 13 years, stepping back from daily responsibilities to focus on family and personal hobbies.

user avatarTando Nkube

Gemini Launches Regulated BNB Access in the US

chest

Gemini has launched regulated BNB trading and custody support in the US.

user avatarKofi Adjeman

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.