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Tag Archives: Ukraine

OFAC Slaps Sanctions on 13 Entities and 2 Individuals Linked to Russia

The Office of Foreign Assets Control (OFAC) has escalated its enforcement efforts by tightening its grip on individuals and entities operating within the financial services and technology sectors in Russia, particularly those involved in virtual assets, enabling evasion of US sanctions. The enforcement agency claimed that these individuals and entities played a crucial role in facilitating transactions or providing services aimed at aiding other designated entities in...

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Coinbase Reports Threefold Surge in Law Enforcement Requests, Totalling 13,079 in 2023

The largest US-based crypto exchange experienced a threefold increase in law enforcement requests in the current year compared to 2020, as revealed in its latest transparency report. The total number of requests during the reporting period amounted to 13,079, marking approximately a 6% rise from the previous year. Notably, the United States maintained its position as the leading country in both 2022 and 2023, with a slight uptick in the number of requests in 2023. Coinbase...

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Ukrainian Authorities Level Up with Advanced Training in Virtual Asset and Crypto Probes

14 Ukrainian officials underwent specialized training in the investigation of modern financial crimes during a course held in Vienna, Austria, from November 14 to 17. The Organization for Security and Co-operation in Europe (OSEC) reported that a group of supervisory and law enforcement officials from Ukraine was exposed to advanced methods and tools essential for probing financial crimes involving virtual assets. OSEC, consisting of 57 participating countries spanning...

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IRS Teams Up with Global Agencies to Train Ukrainian Officers to Combat Crypto-Enabled Crime

In a significant step towards tackling cybercrime and bolstering global security efforts, the IRS Criminal Investigation (CI) recently collaborated with international counterparts to provide advanced training to Ukrainian law enforcement officers. The focus was on the intricacies of cryptocurrency and blockchain tracing. Strengthening Global Efforts Against Crypto-Enabled Crime Expanding on the previous successful cyber training given to Ukrainian law enforcement in May, the...

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Ukraine Probes Local Crypto Exchanges for Tax Evasion

Ukraine’s Economic Security Bureau (ESB) is investigating local cryptocurrency exchanges. This action comes in response to the bureau’s discovery that unregulated exchanges operating in the country have led to a loss of 3 billion Ukrainian hryvnia (over $80 million) in uncollected taxes. Earlier, Ukrainian regulators voted to tax crypto gains 18% as of 2024. Meanwhile, Kyiv has been working to align its cryptocurrency regulations with the European Union (EU) in recent weeks...

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Russian Malware Targets Crypto Wallet: US and UK Intelligence Agencies Issue Joint Warning

The US National Security Agency (NSA), Cybersecurity and Infrastructure Security Agency (CISA), Federal Bureau of Investigation (FBI), and the UK National Cyber Security Centre (NCSC), have released a joint report cautioning users to remain vigilant against recently discovered malware that is being deployed to target crypto wallets and exchanges. The advisory report unveiled a malware campaign conducted by Russian cyber actors against the Ukrainian military. Russian...

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Here’s How Much Crypto Ukraine Raised to Fight Russia: Report

Supporters of war-torn Ukraine have reportedly donated over $225 million worth of crypto to the country in its fight against Russia.  Prominent companies and figures part of the digital asset industry, such as the world’s largest cryptocurrency exchange Binance and Tron’s founder Justin Sun, have also contributed to the nation’s efforts. The Strong Start Followed by Stagnation According to a Crystal Blockchain report (seen by CoinDesk), Ukraine has received almost a quarter...

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Russian Military Fundraisers Receive $20M in Crypto Amid Sanctions Over Ukraine Invasion: Elliptic

A year after invading Ukraine, Russia’s military fundraising groups have raised millions of dollars in cryptocurrencies despite sanctions imposed by the U.S. and other countries. While it appears that Russian military procurement and disinformation groups have raised about $4.2 million, comparatively smaller than Ukraine’s over $212 million, research by blockchain analytics firm Elliptic has discovered that the nation has raised as much as $20 million in cryptocurrencies....

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Ukraine Seeks to Trace Illicit Crypto Transactions With American Help (Report)

The US IRS has reportedly provided advanced training to Ukrainian law enforcement agencies in an attempt to detect illegal cryptocurrency transactions carried out by Russian oligarchs and companies.  Numerous entities and experts have argued that Russia could employ digital assets to evade restrictions (imposed by the Western World after the start of the military conflict in Ukraine) or finance war-related efforts. The US Treasury Department sanctioned five crypto addresses...

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Deutschland: Bundesbehörden besitzen 31’41954211 Bitcoins

Deutschland: Bundesbehörden besitzen 31'41954211 Bitcoins. Verschiedene Bundesbehörden besitzen aktuell Bitcoins in Höhe von 31’41954211 Bitcoins. Wie die Regierung Deutschlands in ihrer Antwort auf eine Anfrage der AfD-Fraktion mitteilte, wurden Bitcoins erstmalig im Jahr 2015 erworben. Der letzte Ankauf sei im Jahr 2021 erfolgt. Die Kryptowerte würden nicht für Investitionszwecke genutzt. Erwerb und Verwaltung der von Bundesbehörden gehaltenen...

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