sanctions | ForkLog

The EU brings down the banhammer on Russian crypto users

ForkLog 182 12.11.2025

How EU Crypto Sanctions Are Hitting Ordinary Russians

We assess how clear-cut the EU’s 19th sanctions package is, and how the current world order is affecting the digital-asset industry.

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ForkLog 788 02.11.2025

Russians Report Account Freezes at Bybit EU and Revolut

A user of the European branch of Bybit encountered issues during the KYC process while transferring their account, likely due to their Russian citizenship.

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ForkLog 439 19.09.2025

EU to Impose Sanctions on Russian Crypto Platforms for the First Time

The European Commission has announced the preparation of the 19th package of sanctions against Russia. The restrictions will affect cryptocurrency platforms and digital asset transactions.

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ForkLog 12 02.08.2025

Hive Co-Founder Links Sanctions to Bitcoin Mining

Countries under US sanctions are covertly engaging in bitcoin mining to access financial flows, according to Hive Digital co-founder Frank Holmes during a podcast with TheStreet. He noted that the decline in June of the hash rate and difficulty of the leading cryptocurrency by 15% followed airstrikes on Iran by Israeli and US forces. “Why? […]

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ForkLog 17 02.07.2025

US Sanctions Imposed on Bulletproof Hosting Provider

OFAC added the Russian company Aeza Group, a provider of global Bulletproof hosting services, to its sanctions list, accusing it of supporting cybercriminal activities. According to the agency, the firm, headquartered in St. Petersburg, sells access to specialized servers and other computer infrastructure used by operators of ransomware, data thieves, and drug traffickers worldwide. Specifically, […]

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ForkLog 24 30.04.2025

US Court Blocks OFAC from Reinstating Sanctions on Tornado Cash

A US federal court has prohibited the Office of Foreign Assets Control (OFAC) of the US Treasury from reinstating or imposing renewed sanctions against the Tornado Cash service. The decision by federal judge Robert Pitman responds to a lawsuit by users of the mixer, led by Joseph Van Loon, who called the restrictions “illegal.” Tornado […]

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ForkLog 43 22.03.2025

Tornado Cash Removed from OFAC Sanctions List

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has lifted economic sanctions on Tornado Cash. More than 100 Ethereum addresses have been removed from the sanctions list. According to the department’s statement, the decision followed a “review of new legal and policy issues” related to crypto businesses. The project was sanctioned by OFAC […]

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ForkLog 17 20.03.2025

Garantex Operators Launch New Cryptocurrency Exchange

The shuttered Russian bitcoin exchange Garantex is transferring funds to a new platform named Grinex, according to analysts at Global Ledger. ‼️Compliance alert: #Garantex founders launch a new platform 1/ Following Garantex’s shutdown and #Tether freezing its wallets, the founders have launched Grinex. Here’s what we’ve uncovered ? pic.twitter.com/m28einnisn — Global Ledger (@GlobalLedger) March 19, […]

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ForkLog 13 14.03.2025

Russian Oil Firms Turn to Cryptocurrency for Trade with China and India

Russian oil companies are employing cryptocurrencies, including Bitcoin, Ethereum, and the stablecoin USDT, for transactions in oil exports to China and India to circumvent Western sanctions. This is reported by Reuters, citing its own sources. Digital assets simplify the conversion of Chinese yuan and Indian rupees into Russian rubles. Sources note that while the share […]

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ForkLog 23 06.03.2025

Russian Official Labels Cryptocurrencies as ‘Sanctions Evasion Tool’

Sanctions will not entirely block Russians’ access to the cryptocurrency market, stated Deputy Anton Gorelkin. He made these remarks in response to the blocking of wallets of the Russian exchange Garantex by Tether. The latter added 89 addresses to its sanctions list. According to Gorelkin, digital assets will continue to be used as a tool […]

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ForkLog 18 05.03.2025

US Sanctions Target Darknet Marketplace Nemesis Wallets

The US Treasury’s Office of Foreign Assets Control (OFAC) added 44 Bitcoin and five Monero addresses linked to the defunct darknet marketplace Nemesis Market to its SDN list. The press release states that these addresses were controlled by Iranian national Behrouz Parsarad, who was allegedly the platform’s administrator. On March 20, 2024, the BKA seized […]

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ForkLog 19 04.03.2025

Kyrgyzstan Withdraws Allegations Against Cryptocurrency Firms

On March 3, the State Financial Intelligence Service under the Ministry of Finance of Kyrgyzstan (SFIS) removed cryptocurrency companies from the list of organizations “suspected of involvement in money laundering.” The resolution is in a restricted section of the website, but several Telegram channels have shared the file. According to the order, 20 companies were […]

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