RUSSIAN OLIGARCHS USING CRYPTO TO AVOID SANCTIONS
September 30th, 2022
Russian oligarchs are increasingly using cryptocurrency to evade sanctions, according to a leading cybercrime investigation firm whose blockchain analysts have probed the financial interests of recently targeted Russian nationals. Rich Sanders, co-founder of cybercrime investigations firm CipherBlade, spoke to the Organised Crime and Corruption Reporting Project (OCCRP) (1) on the increased use of cryptocurrency to circumvent sanctions as well as the techniques being used. One he identified was ‘chain-hopping’ facilitated by instant swap exchanges, virtual ...
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