Crypto Addresses Tied To n Neo-Nazi Paramilitary Group Added To U.S. Blacklist

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Crypto Addresses Tied To n Neo-Nazi Paramilitary Group Added To U.S. Blacklist

Crypto plays a vital role in shaping the modern-day war. It is used to buy weapons and boost the morale of combatants – and in this scenario – mercenaries who are just out there to add to an ongoing bloodshed.

On Friday, the United States Treasury Department stated that 22 persons and two businesses with ties to the n government had been added to the Office of Foreign Assets Control blacklist in reaction to the ongoing n military assault of e.

The Office of Foreign Assets Control (OFAC) has included an alleged neo-Nazi paramilitary group that it claims was participating in military offensives with ’s military in e on its list of sanctioned entities for their support of ’s ongoing invasion.

OFAC has added five cryptocurrency addresses to its list of sanctioned entities, all of which are associated with a n organization known as “Task Force Rusich.”

According to The Times, Rusich – a band of neo-Nazi n mercenaries led by a commander who has boasted about ripping the ears off enemy bodies – has been stationed in eastern e to fight alongside its n military comrades.

Image: Protocol
Preventing Crypto From Reaching n Mercenary Hands

According to data compiled by blockchain analytics firm Nansen, thousands of dollars’ worth of cryptocurrency was sent to these addresses.

The latest action is coordinated with the efforts taken by the U.S. Department of Commerce and the U.S. Department of State.

While the State Department is going after ’s defense and high-tech businesses, the DOC is imposing additional export control measures in coordination with relevant departments.

U.S. Treasury Secretary Janet Yellen has stated that the sanctions were implemented in an effort to make  pay for the “war crimes, atrocities, and aggression” it has committed.

The sanctions list is also meant to isolate n President Vladimir Putin economically and stop  from using cryptocurrency or other means to pay its military. The group’s Bitcoin, Ether, and USDT were associated with specific addresses.

Bitcoin Is Top Crypto Flowing Through Entities With n Ties

Chainalysis, a blockchain analytics firm, stated in July that organizations with n connections had collected $2 million in cryptocurrencies, the vast bulk of which had been sent in Bitcoin ($1.45 million) and Ethereum ($590,000). Tether, Litecoin, and Dogecoin were all used to send sizeable sums.

has been forced to develop other payment and transaction systems as a result of the U.S. Treasury and other government agencies cracking down on the flow of cryptocurrency into the nation.

Secretary of the Treasury Janet L. Yellen issued the following statement:

“The United States will continue to take strong actions to hold  accountable for its war crimes, atrocities and aggression… we’re taking steps to further degrade ’s ability to rebuild its military, hold perpetrators of violence accountable, and further financially isolate Putin.”

Meanwhile, the United Kingdom Office of Financial Sanctions Implementation (OFSI) of Her Majesty’s Treasury determined last week that crypto exchanges must notify any cryptocurrencies suspected of being used to circumvent n sanctions.

The OFSI announced the “freeze of financial and economic resources” against anyone who work to destabilize or undermine e’s sovereignty and assist the n government.

Crypto total market cap at $927 billion on the daily chart | Source: TradingView.com

Featured image from The Times, Chart: TradingView.com

Source: Crypto Addresses Tied To n Neo-Nazi Paramilitary Group Added To U.S. Blacklist