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 Emerges as a Key Player in US National Security Strategy
Bitcoin is increasingly recognized as a tool in national security strategies, with top US officials emphasizing its significance in countering threats from adversaries like China, Iran, and North Korea.
Solana Faces Decline Below Support Level
Solana has dropped below a critical support level, indicating a bearish trend and potential further declines in the cryptocurrency market.
Dogecoin Breaks Resistance Level After Recent Rally
Dogecoin has crossed a significant resistance level after a recent price surge, indicating a bullish trend.
Low Turnout at Bitcoin 2026 Raises Concerns
The Bitcoin 2026 conference faced criticism for low attendance, with many empty seats reported, raising concerns about its relevance in the crypto landscape.
Ripple's Bold Advertising Strategy at Bitcoin 2026
Ripple made a significant impact at the Bitcoin 2026 conference with an extensive advertising campaign across Las Vegas, targeting thousands of attendees to promote XRP amidst ongoing legal challenges.
Morgan Stanley's Amy Oldenburg Discusses Bitcoin on Bank Balance Sheets
Amy Oldenburg from Morgan Stanley suggests that major banks may consider holding Bitcoin as a treasury asset in the future, contingent on regulatory progress.
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