Tether freezes $27M on Garantex, forcing halt of Russian-linked exchange
Sanctioned crypto exchange Garantex has halted operations following Tether’s decision to freeze $27 million worth of USDT on the platform.In...
Russia
Russia reportedly eyes controlled crypto trading for wealthy investors
Russia’s Ministry of Finance and the Central Bank are reportedly working on a controlled crypto trading framework for select high-net-worth...
EU sanctions Russian crypto exchange Garantex over Ukraine conflict ties
The European Union has taken action against Garantex, a Russia-based crypto exchange, as part of its 16th sanctions package targeting...
Russia’s Power Grid Hit by Unauthorized Crypto Mining, Losing Over 1.3 Billion Rubles
Rosseti Group, Russia’s power grid company, reported losses exceeding 1.3 billion rubles – which is worth around $14.2 million –...
Sanctions: Iranians Flock to Crypto; Int’l Actions Target Russia
In 2024, sanctions shifted in both scope and strategy, reflecting a broader evolution in illicit on-chain activity in response to...
Crypto becomes lifeline for Iran and Russia amid Western sanctions – Chainalysis
Sanctioned entities received $15.8 billion in crypto in 2024, accounting for 39% of all illicit crypto transactions, according to the...
Iranian Crypto Outflows Spiked Following Geopolitical Tensions in 2024
Sanctioned regions and entities collectively received $15.8 billion in cryptocurrency during 2024, representing around 39% of illicit crypto transactions. While...
Russian energy giant Rosseti faces $14.2 million loss from illegal crypto mining
Russian energy provider Rosseti reportedly saw a significant financial hit due to illegal crypto mining in 2024, with losses amounting...
BTC-e Operator Released in US-Russia Prisoner Swap
Russian national Alexander Vinnik, previously convicted for running a multi-billion-dollar money-laundering operation through his BTC-e crypto exchange, has been released...
The Art of the Deal? Bitcoin money launder released by U.S. in exchange for teacher imprisoned in Russia for 3 years
Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The Independent is on...