{"id":416253,"date":"2022-03-15T07:33:23","date_gmt":"2022-03-15T04:33:23","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/blockchain-forensics-firm-finds-millions-in-sanctioned-crypto-wallet\/"},"modified":"2022-03-15T07:33:23","modified_gmt":"2022-03-15T04:33:23","slug":"blockchain-forensics-firm-finds-millions-in-sanctioned-crypto-wallet","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/blockchain-forensics-firm-finds-millions-in-sanctioned-crypto-wallet\/","title":{"rendered":"# Blockchain forensics firm finds millions in sanctioned crypto wallet"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3bbf348cb25\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3bbf348cb25\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/blockchain-forensics-firm-finds-millions-in-sanctioned-crypto-wallet\/#%E2%80%9D_Blockchain_forensics_firm_finds_millions_in_sanctioned_crypto_wallet_%E2%80%9C\" >&#8221; Blockchain forensics firm finds millions in sanctioned crypto wallet &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Blockchain_forensics_firm_finds_millions_in_sanctioned_crypto_wallet_%E2%80%9C\"><\/span>&#8221; Blockchain forensics firm finds millions in sanctioned crypto wallet &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNDZkOGM3M2UtOWEzOC00NWIwLWExZTctM2JkZTBiNjAyMTNjLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Blockchain security and forensics firm Elliptic has been working with authorities to expose crypto wallets affiliated with sanctioned individuals or organizations.<\/p>\n<p>The United Kingdom-based company has discovered a wallet with \u201csignificant crypto-asset holdings\u201d in the millions of dollars that may be linked to sanctioned Russian officials and oligarchs.\u00a0<\/p>\n<p>Speaking to<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-03-14\/crypto-sleuth-may-have-found-tokens-of-sanctioned-russians\"> Bloomberg<\/a> on March 14, Elliptic co-founder Tom Robinson said that crypto could be used for sanctions evasion. However, it has been widely reported and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly accepted now that Russia is very unlikely to pivot to crypto assets to circumvent them.<\/p>\n<p>The report did not specify the exact value of the crypto in the wallet it discovered or the nature of the assets it held. Robinson added that the scale of the use of crypto is in question, explaining:<\/p>\n<blockquote><p>\u201cIt\u2019s not proving out realistic that oligarchs can completely bypass sanctions by moving all their wealth into crypto. Crypto is highly traceable. Crypto can and will be used for sanctions evasion, but it\u2019s not the silver bullet.\u201d<\/p><\/blockquote>\n<p>Elliptic has already identified more than 400 crypto services that let anonymous users trade digital assets with rubles. It also connected more than 15 million crypto addresses to Russian-related criminal activity.<\/p>\n<p>Robinson added that ruble-related activities on some of these services surged the week before the war broke out. Tornado Cash, which anonymizes Ethereum and ERC-20 transactions, is one such provider that has<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-03-10\/crypto-obfuscator-tornado-doesn-t-plan-to-comply-with-sanctions\"> refused<\/a> to restrict services or comply with sanctions.<\/p>\n<p>\u201cIn general, the level of sanction compliance is very high,\u201d Robinson stated in reference to the high profile exchanges such as Coinbase and Binance that have complied with sanction requests from global regulators.<\/p>\n<p><strong><em>Related:<\/em><\/strong><strong><em> <\/em><\/strong><strong><em>Crypto offers Russia no way out from Western sanctions<\/em><\/strong><\/p>\n<p>Elliptic has also been tracking crypto donations supporting the Ukrainian humanitarian effort. Its latest<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.elliptic.co\/blog\/live-updates-millions-in-crypto-crowdfunded-for-the-ukrainian-military\"> update<\/a> on March 11 at 23.30 UTC revealed that there had been a total of $63.8 million sent to the Ukrainian government and an NGO providing support to the military.<\/p>\n<p>Merkel <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/sciencee\/\" data-internallinksmanager029f6b8e52c=\"5\" title=\"Science\" target=\"_blank\" rel=\"noopener\">Science<\/a> has t<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed several sources for its<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/redash.merklescience.com\/public\/dashboards\/1XxEO5YaUrkqQXX60Fm6GzcT51LjTwzE0IyLOy9r\"> report<\/a>, which shows a much higher figure of $93.6 million in total crypto donations for Ukraine.<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/blockchain-forensics-firm-finds-millions-in-sanctioned-crypto-wallet\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Blockchain forensics firm finds millions in sanctioned crypto wallet &#8220; Blockchain security and forensics firm Elliptic has been working with authorities to expose crypto wallets affiliated with sanctioned individuals or organizations. The United Kingdom-based company has discovered a wallet with \u201csignificant crypto-asset holdings\u201d in the millions of dollars that may be linked to sanctioned&#8230;<\/p>\n","protected":false},"author":1,"featured_media":416254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNDZkOGM3M2UtOWEzOC00NWIwLWExZTctM2JkZTBiNjAyMTNjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[70934,4975,71523],"class_list":["post-416253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-regulation","tag-russia","tag-sanctions"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/416253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=416253"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/416253\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/416254"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=416253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=416253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=416253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}