Tag: OFAC crypto

$15.8 Billion in Sanctioned Entity Crypto Transactions in 2024: What Really Happened

Posted by Victoria McGovern

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12
Mar

$15.8 Billion in Sanctioned Entity Crypto Transactions in 2024: What Really Happened

$15.8 billion in crypto flowed to sanctioned entities in 2024, mostly through Bitcoin and centralized exchanges like Garantex. Iran and Russia led the way, while DeFi and cross-chain bridges helped hide the money. Enforcement is catching up-but so is evasion.