The U.S. Treasury’s Office of Foreign Assets Control sanctioned a cybercriminal network across Southeast Asia tied to crypto investment scams.
U.S. officials accused Garantex, Grinex, A7A5 token issuers and executives of laundering ransomware proceeds and evading sanctions.
In 2023, Roman Storm was charged with conspiracy to commit money laundering and sanctions violations for operating Tornado Cash.
U.K.-based crypto asset firms also face a high risk of being targeted by North Korean hackers, many of which operate on behalf of sanctioned entities, the report said.
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.
A U.S. appeals court has granted a joint motion to vacate a case between the Treasury Department and Coin Center over the agency's sanctioning of crypto mixer Tornado Cash.
Venture capital firm Paradigm has filed an amicus curiae brief in support of Tornado Cash co-founder Roman Storm.
The Ethereum Foundation has donated $500,000 to support Tornado Cash co-founder Roman Storm's defense.
Iurii Gugnin, a 38-year-old New York resident and Russian national, was arrested and arraigned Monday on charges related to the alleged scheme.
According to OFAC, Funnull Technology Inc. provides computer infrastructure for “hundreds of thousands” of pig butchering websites.
The wallets received payments directly from Huione Pay, a subsidiary of Huione Group.
Treasury sanctioned a company accused of enabling multiple "pig butchering" scams, which defrauded U.S. victims of more than $200 million.
U.S. prosecutors will move forward with charges against Roman Storm, but have decided to leave part of an allegation off the table.
U.S. prosecutors levied charges against suspected Sinaloa Cartel bosses as onchain analytics startups traced stablecoin transfers in the fentanyl ecomomy.
The Karen National Army and its leaders were sanctioned on accusations they perpetuated crimes against U.S. citizens that featured crypto thefts.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Griffith pleaded guilty to one count of conspiracy to violate international sanctions after giving a talk at a crypto conference in Pyongyang in 2019.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Treasury's OFAC sanctioned Tornado Cash in 2022 after claiming North Korean cyber hackers used the platform to launder illicitly obtained cryptocurrency.
While fiat currencies remain the primary method, crypto is seen as a convenient and flexible tool for transactions.
Besciokov purportedly served as principal technical administrator of the sanctioned crypto exchange Garantex from 2019 to 2025.
Garantex was sanctioned in 2022 for facilitating money laundering for ransomware actors and darknet markets.
Garantex purportedly enables money laundering from criminal organizations and has processed at least $96 billion in digital asset transactions since 2019.
"Tether has entered the war against the Russian crypto market and blocked our wallets worth over 2.5 billion rubles," Garantex said.
The addresses were controlled Iranian national Behrouz Parsarad, the alleged administrator of the Nemesis darknet marketplace.
A new report from the analytics firm says that sanctioned jurisdictions and groups were responsible for 39% of illicit crypto transactions last year.
Sanctioned jurisdictions and entities globally received $15.8 billion in cryptocurrency last year — 39% of all illicit crypto transactions.
According to the blockchain analytics firm, less than half of recorded ransomware attacks resulted in victim payments.
Sanctions on dozens of Russian centralized exchanges and a decline in onchain payments made by victims helped reduce extortion figures.
TRM Labs found illicit volume is down 24% since 2023 to $45 billion, representing just 0.4% of overall crypto transactions.