A US official has accused a prominent Russian crypto entrepreneur of laundering money and evading sanctions imposed on Russia due to its involvement in the Ukraine conflict. The allegations against the individual, who remains unnamed, have sparked concerns about potential ties between the cryptocurrency market and Russian officials.
The US government has launched an investigation into the alleged money laundering activities of the individual, who is believed to be associated with several cryptocurrency firms. Authorities are also looking into reports that these companies may have been used to facilitate transactions for Russian individuals and entities subject to sanctions.
Source: https://www.ft.com/content/8c2a251b-64e8-48ba-a000-356486490ecf