sanctions | ForkLog

ForkLog 11 03.03.2022

Another crypto exchange blocks Russian citizens’ accounts amid sanctions

South Korean cryptocurrency exchange Gopax announced the blocking of accounts belonging to Russian citizens.

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ForkLog 10 02.03.2022

Animoca Brands to end services for Russian users

One of the largest blockchain-gaming operators, Animoca Brands, will sever ties with Russian users and investors because of the war against Ukraine. Bloomberg reports this.

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ForkLog 8 17.02.2022

US Senate proposes to mitigate risks from El Salvador’s Bitcoin legalization

A group of members of the Senate Foreign Relations Committee has put for consideration a bill on cryptocurrency responsibility in El Salvador. It envisions a plan to mitigate potential risks to the U.S. financial system.

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ForkLog 8 17.11.2021

US Treasury officials deny that digital ruble would undermine sanctions

The emergence of a digital ruble will not make American sanctions less effective, according to Deputy U.S. Treasury Secretary Wally Adeyemo.

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ForkLog 24 10.11.2021

Bitcoin exchange Chatex halts withdrawals and blocks user funds

On 10 November, the Telegram bot for exchanging cryptocurrencies Chatex stated that it was suspending operations amid an investigation into the company being conducted in the United States.

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ForkLog 38 09.11.2021

U.S. Sanctions Hit Bitcoin Exchange Chatex

The U.S. Department of the Treasury and the U.S. Department of the Justice added to the sanctions list the addresses of the Chatex Telegram bot for cryptocurrency exchange, as well as affiliated entities Izibits OÜ, Chatextech SIA and Hightrade Finance Ltd.

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ForkLog 12 15.10.2021

U.S. Treasury issues sanctions-compliance guidance for participants in the crypto industry

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) published guidance for representatives of the cryptocurrency industry on complying with U.S. sanctions.

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ForkLog 13 28.09.2021

Binance partially unblocks user accounts suspected of ties to Suex

On September 28, six Binance clients who were blocked due to alleged ties to the sanctioned exchanger Suex said ForkLog that the restrictions had been lifted from their accounts. The funds were not touched.

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ForkLog 21 27.09.2021

Binance blocks assets totaling more than $630,000 over alleged ties to Suex

Five more Binance users contacted ForkLog after being blocked over an alleged link to the sanctioned Suex exchange. The total value of funds blocked on their accounts exceeds $630,000.

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ForkLog 14 25.09.2021

Binance blocks customer’s account over transaction to Suex address

On 22 September, the cryptocurrency exchange Binance abruptly blocked one of its users' accounts without warning. The platform later explained that he allegedly sent funds to the address of the U.S.-sanctioned Suex bitcoin exchange. The user himself denies conducting transactions in favor of the exchange or darknet marketplaces.

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ForkLog 15 24.09.2021

Co-founder of sanctioned Suex fired from MTS’s neobank NUUM

Vasily Zhabykin, co-founder of the US-sanctioned cryptocurrency exchange Suex, has been fired from his post as a top executive at MTS's neobank NUUM.

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ForkLog 11 23.09.2021

Co-owner of sanctioned Suex to defend business reputation in U.S. court

Co-owner of the U.S.-sanctioned Bitcoin exchange Suex, Yegor Petukhovsky, denied the company's involvement in illicit activity and said he intends to defend his position in court.

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