Tag: us sanctions
4 articles
US Sanctions Chinese Marketplace Xinbi Guarantee Over $24bn in Illicit Transactions
The US Treasury is cracking down on overseas scammers, sanctioning Chinese marketplace Xinbi Guarantee for facilitating over $24 billion in illicit transactions, and taking aim at two key service providers that helped it operate. This move is part of a broader effort to dismantle criminal enterprises that steal billions from American victims each year.
US Targets Iran with New Sanctions as Ship Struck in Strait of Hormuz
The US is turning up the heat on Iran with fresh sanctions, and it's clear they mean business - Treasury Secretary Scott Bessent warned countries to toe the line, just hours before a ship was hit in the Strait of Hormuz. The incident saw a vessel struck by an unknown projectile 9NM northeast of Ash Shishah, Oman, leaving its engine room damaged and disabled.
US Sanctions Nobitex Crypto Exchange Over Terrorism Financing Links
The US Treasury has sanctioned Nobitex, Iran's largest crypto exchange, and several top executives, citing its role in supporting the regime and processing over 50% of Iranian digital asset inflows. This move is part of a broader effort to crack down on terrorism financing through cryptocurrency.
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.