Washington Sanctions 8 Cryptocurrency Wallets Linked To Houthis, Russian Exchange

(MENAFN- Investor Brand Network) The United States government has placed new sanctions on eight cryptocurrency wallet addresses. These wallets are linked to the Houthi movement in Yemen and a Russian crypto exchange known as Garantex. According to U.S. officials, the wallets were used to move nearly $1 billion in funds, many of which helped finance Houthi military operations in Yemen and the Red Sea region.

As increasing scrutiny is directed towards the crypto industry, prominent companies like Coinbase Global Inc. (NASDAQ: COIN) are likely to institute proactive measures that they update continuously with a view to staying safe from being caught wrong-footed when illegal actors like money launderers are...

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