Tag: uk sanctions
2 articles
UK Sanctions Cryptomus for Aiding Russian Illicit Finance
The UK has imposed sanctions on Cryptomus, a payments platform accused of processing over $7 billion in transactions that benefit the Russian government and its financial institutions. This move freezes Cryptomus' UK assets and blocks British companies from doing business with the platform.
Western Intel Targets Sanctioned Grinex Exchange in $13.74M Hack
Grinex Exchange, a Kyrgyzstan-based platform sanctioned by the US and UK, has suspended operations after falling victim to a brazen $13.74 million hack it blames on Western intelligence agencies. The shocking allegations raise questions about accountability in the world of cryptocurrency.