The Office of Foreign Assets Control (OFAC), the Treasury Department’s enforcer of sanctions, has imposed blacklists on a bitcoin and an ethereum address associated with violating international restrictions.
The Closed Accounts Were Associated with the Arms Trade
According to a public statement, Igor Zimenkov and his son Jonatan have been identified as components of an expansive group attempting to market defensive hardware for export abroad. Both Zimenkovs are Russian nationals associated with the two specified addresses, which happen to be connected not only to their father but also to Rosoboronexport OAO, Russia’s state-owned arms trading organization, according to its official website.
Igor and Jonatan Zimenkov, according to an OFAC press release, were both in direct communication with sanctioned Russian defense companies. Moreover, they directly interacted with Rosoboronexport’s prospective customers to facilitate sales of Russian military equipment abroad through multiple deals for foreign cybersecurity purchases and helicopter exports.
Interesting Details About Blacklists Bitcoin and Ethereum Accounts
Neither the bitcoin nor ether address possessed any crypto assets at press time. The bitcoin wallet, which had never contained more than 0.01 BTC (valued at around $230 during that period), was last used in December 2022. Meanwhile, the Ether account saw over 5,400 ETH go through but has been inactive for almost twelve months now.
Interestingly, the Ether address acquired funds from another address that crypto analytics firm Arkham Intelligence identified as a big wallet actively engaging in OTC trading back in November. This exact same address obtained resources from Alameda Research, which FTX creator Sam Bankman-Fried founded before it closed down.
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