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US Sanctions Two Russians Accused of Using Fraud to Steal Millions in Crypto

Russian flag in the support of fence (Shutterstock)

The U.S. Treasury Division has slapped sanctions on a pair of Russian nationals accused of stealing $16.8 million from customers of three various crypto exchanges, including two in the U.S.

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  • In step with a U.S. Division of the Treasury press release, Danil Potekhin and Dmitrii Karasavidi impersonated the exchanges utilizing false web pages imitating legitimate replace portals to mark buyer login knowledge.
  • The exchanges weren’t named by the Treasury Dept.
  • This knowledge used to be frail to gain admission to the purchasers’ accounts and take hang of their crypto, the Treasury assertion acknowledged.
  • The defendants allegedly laundered the funds utilizing false profiles on various exchanges.
  • The exchanges weren’t identified.
  • The U.S. Secret Service seized “millions of dollars in virtual forex,” in accordance with the assertion.
  • Bitcoin, ether, monero, litecoin, zcash, hasten, bitcoin gold and ethereum traditional had been all integrated in the list of sanctioned addresses.
  • Cryptocurrency exchanges are frequent targets for malicious actors in the quandary, who in general hope the pseudonymous properties of the abilities will enable them to better veil their proceeds even despite the indisputable truth that the immutable ledger records all transactions.

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