OFAC sanctions crypto addresses linked to Russia’s Garantex to disrupt Houthi financing

The US Treasury Department has imposed sanctions on the cryptographic addresses associated with Russia Guarantex in its last action against the Houthis and its financing operations.

The American Treasury Department Office of foreign assets control Imposed eight cryptocurrency for eight-monstride sanctions used by the Houthi foreign terrorist organization to finance activities such as arms supply and sanctions.

Blockchain’s medical-legal companies Chain-analysis And TRM laboratories shows that the regulator sanctioned six private wallet addresses and two addresses of deposit in traditional services which have moved nearly a billion dollars of illicit transactions. These transactions largely aimed to support group activities in Yemen and the wider region of the Red Sea.

Data on the transfer in mind show that the Houthis have exceeded $ 45 million via Garantex, a Russia– Based exchange, which was reported by the OFAC to facilitate terrorist funding.

Guarantee announcement Its closure in early March, shortly after Tether’s black list nearly $ 30 million in Stablecoins. Two weeks later, Indian police decree Aleksej Bisciokov, Co-founder of Guarantx, following an arrest warrant issued by the Patiala House Court in New Delhi. However, several reports later suggested That Guarantex had not been completely disturbed and had really resurfaced under a new name, Grinene, after having transferred funds and users to the new platform.

TRM Labs claims that the analysis on the chain shows “millions of dollars in volume which take place towards other high-risk and sanctioning entities of the OFAC”, in particular Guarantx and Sa’id al-Jamal, a financial facilitator based in Iran affiliated to the Houthi and the Islamic Revolutionary Corporate Body Garde.

At the end of January, US President Donald Trump has redesigned the Houthi movement of Yemen, officially known as Ansar Allah, as a foreign terrorist organization, Secretary of State Marco Rubio, declaring that Houthi activities “threaten the security of civilians and American staff in the Middle East, the security of our closest regional partners and the stability of the world’s maritime trade.”