OFAC
U.S. Blacklists Crypto Network Behind Ruble-Backed Stablecoin and Shuttered Exchange Garantex
U.S. officials accused Garantex, Grinex, A7A5 token issuers and executives of laundering ransomware proceeds and evading sanctions.
U.S. Sanctions North Korean IT Workers Over 'Cyber Espionage,' Crypto Thefts
The U.S. Treasury Department added the employee of a North Korean hacking group to its blacklist over his role in getting IT workers jobs in other countries.
OFAC Sanctions Philippines-Based Tech Company For Facilitating Pig Butchering Schemes
According to OFAC, Funnull Technology Inc. provides computer infrastructure for “hundreds of thousands” of pig butchering websites.
U.S. Sanctions Funnull for Role in Pig Butchering Scam, Huione-Linked Crypto Wallets
The wallets received payments directly from Huione Pay, a subsidiary of Huione Group.
U.S. Government Removes Tornado Cash Sanctions
Tornado Cash was sanctioned multiple times over allegations of helping Lazarus Group launder funds.
Garantex Operator Aleksej Besciokov Arrested in India: Report
Besciokov is charged with money laundering conspiracy, conspiracy to violate sanctions and conspiracy to operate an unlicensed money transmitting business.
Sanctioned Russian Crypto Exchange Garantex Seized, Operators Charged With Money Laundering
Garantex was sanctioned in 2022 for facilitating money laundering for ransomware actors and darknet markets.
U.S. Shuts Down North Korean Crypto Money Laundering Network
OFAC says a front company in the UAE had been converting crypto into cash for North Korea.
U.S. Treasury Sanctions Cambodian Tycoon With Ties to Pig Butchering Scams
One of Senator Ly Yong Phat’s hotels, O-Smach Resort, is a notorious hotbed for human trafficking.
Did Sanctioning Tornado Cash Work?
A new report from the New York Fed suggests it did – with some important caveats.
