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A UK digital asset agency reportedly transferred hundreds of thousands of {dollars} in cryptocurrency to a pockets of an alleged Russian arms supplier who was later sanctioned by the US authorities.
In response to 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 function in Russia’s invasion of Ukraine.
In a February 2023 press launch, the U.S. Division of the Treasury’s Workplace of International Property Management (OFAC) introduced the imposition of sanctions in opposition to 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 Could of 2021.
Says a Copper spokesperson,
“Copper takes its compliance, authorized and regulatory obligations very significantly, 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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