A UK digital asset agency reportedly transferred tens of millions of {dollars} in cryptocurrency to a pockets of an alleged Russian arms seller who was later sanctioned by the US authorities.
In accordance with a brand new Guardian report, the cryptocurrency agency Copper Applied sciences allegedly transferred greater than $4.2 million in digital belongings to a crypto pockets belonging to Jonatan Zimenkov, an Israeli-born Russian nationwide.
The switch reportedly occurred about 19 months earlier than Zimenkov confronted US sanctions for his alleged position in Russia’s invasion of Ukraine.
In a February 2023 press launch, the U.S. Division of the Treasury’s Workplace of Overseas Belongings Management (OFAC) introduced the imposition of sanctions towards Jonatan and his father Igor Zimenkov. The OFAC said that the daddy and son duo had been concerned “in a number of offers for Russian cybersecurity and helicopter gross sales overseas” whereas facilitating “Russian protection gross sales to third-party governments.”
On the identical day, the OFAC revealed an Ethereum pockets belonging to Jonatan Zimenkov.
Copper reportedly despatched the pockets about 1,700 Ethereum (ETH) in two separate transactions in Might of 2021.
Says a Copper spokesperson,
“Copper takes its compliance, authorized and regulatory obligations very severely, and has acted in full compliance with all relevant regulatory requirements, together with all relevant sanctions prohibitions, within the UK.”
At time of writing, ETH is buying and selling for $4,056, indicating that the transferred Ethereum stash is now price $6.89 million.
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