The post The USA blocks 8 crypto wallets linked to the exchange Garantex appeared on BitcoinEthereumNews.com.

The Stati Uniti (USA) have sanctioned eight crypto wallets connected to the Russian exchange Garantex and the Houthi group of Yemen, after identifying over a billion dollars in suspicious transactions linked to the financing of military operations. Let’s see all the details in this article.  USA in the crosshairs of suspicious crypto: wallets linked to the Houthi and the Russian exchange Garantex sanctioned The United States Department of the Treasury has recently issued sanctions against eight crypto addresses linked to two controversial actors on the international scene: the Houthi group of Yemen and the Russian cryptocurrency exchange Garantex. The investigation, carried out with the support of the blockchain analysis companies Chainalysis and TRM Labs, highlighted a complex network of transactions that would amount to almost a billion dollars. The Office of Foreign Assets Control (OFAC), the agency responsible for overseeing financial sanctions in the United States, has determined that these wallets have played a central role in the transfer of funds to sanctioned organizations.  Of these addresses, two are linked to recognized crypto platforms, while the remaining six are privately controlled. According to reports from American authorities, the monitored digital money flows have largely been used to support the military and logistical activities of the Houthi in Yemen and the Red Sea, where the group has conducted numerous attacks against civilian and military ships. Slava Demchuk, expert in anti-money laundering and United Nations consultant, commented on the situation by highlighting how the use of cryptocurrencies in geopolitical conflicts is now a tangible reality: “The presence of wallets connected to the Houthi highlights a significant change: cryptocurrencies are no longer alternative tools for the economy, but true instruments of financial war.” Demchuk also highlighted that the consequences of these developments will be profound: “Compliance systems will need to adapt quickly, decentralized…

---

Filed under: News - @ April 3, 2025 9:24 pm