Key Takeaways
- The U.S. Treasury has sanctioned a number of crypto addresses tied to Process Power Rusich, a Russian paramilitary group.
- 5 addresses belonging to the group have been sanctioned; these addresses maintain Bitcoin, Ethereum, and USDT.
- Process Power Rusich is taken into account an extremist Neo-Nazi group and has been accused of atrocities towards troopers.
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The U.S. Treasury has sanctioned 5 cryptocurrency addresses tied to an extremist Russian paramilitary group.
Russian Extremist Group Faces Sanctions
A Russian extremist group has had its crypto wallets sanctioned.
On September 15, the U.S. Treasury’s Workplace of International Property Management (OFAC) designated a Russian group known as Process Power Rusich together with its cryptocurrency addresses.
5 cryptocurrency addresses belonging to Process Power Rusich have been sanctioned. Two of these addresses maintain Bitcoin, two maintain Ethereum, and one holds USDT on the TRON blockchain.
Reviews elsewhere counsel that hundreds of {dollars} value of cryptocurrency have moved by way of these wallets. Some addresses have been lively as not too long ago as September 14.
The U.S. Treasury describes Process Power Rusich as a Neo-Nazi paramilitary group that fought alongside Russia’s navy throughout this 12 months’s struggle in Ukraine. In 2015, members of the group have been filmed committing “atrocities towards deceased and captured Ukrainian troopers,” it says.
The group has origins in St. Petersburg, Russia, and exists beneath completely different a number of aliases, together with “Rusich Sabotage and Assault Reconnaissance Group” and “Navy-Patriotic Membership Rusich.” It’s generally thought-about a part of the bigger and extra notorious Russian paramilitary group, the Wagner Group.
Immediately’s announcement additionally added and eliminated a number of different topics from the Treasury’s sanctions listing. The opposite people and organizations named in at the moment’s announcement have been positioned in Russia, Zimbabwe, and Libya.
Not one of the different people or organizations named at the moment had crypto addresses related to their names. Yesterday, nevertheless, the Treasury sanctioned a number of Bitcoin addresses in reference to an Iran-based ransomware group.
Extra notably, the Treasury sanctioned addresses in connection to the Ethereum coin mixer Twister Money in August. This week, it clarified that those that used Twister Money lawfully have recourse to recoup funds they could have locked within the protocol.
The U.S. Treasury frequently contains crypto addresses in its sanctions. Greater than 180 digital foreign money addresses are presently named on its listing of specifically designated nationals.
Disclosure: On the time of writing, the writer of this piece owned BTC, ETH, and different cryptocurrencies.
