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
Bitcoin Now Accepted as Down Payment in Mortgage Market
Bitcoin is now recognized as a legitimate asset in the US mortgage market, allowing it to be used as down payment collateral.
Bitcoin Price Plummets as Pentagon Prepares for Iran
Bitcoin's price fell below $67,000 due to Pentagon's military plans for Iran and Trump's announcement extending the military pause.
MARA Sells Bitcoin to Repurchase Convertible Notes
MARA, a Bitcoin mining company, sold 15,133 BTC for approximately $1.1 billion to repurchase its convertible notes at a 9% discount, raising concerns among Bitcoin enthusiasts.
Goldman Sachs Predicts Bitcoin Bottoming Phase
Goldman Sachs analysts suggest that Bitcoin may be nearing its bottom after a prolonged downturn, with signs of improved market balance.
GameStop Reports Mixed Q4 Earnings Amid Declining Sales
GameStop's Q4 2025 results show a net income of $127.9 million, with a 14% decline in net sales, but adjusted earnings exceeded expectations.
Ozak AI's Strategic Partnerships Enhance Project's Utility
Ozak AI has formed strategic partnerships with companies like Hive Intel, Weblume, SINT, and Meganet to enhance its predictive analytics capabilities and real-world utility.
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