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Russian central bank adds 2,600 suspected illicit crypto wallets to monitoring system

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The Bank of Russia has expanded its surveillance of illicit crypto activity by adding 2,600 cryptocurrency wallet addresses to a dedicated information system, according to Bits.media.

ChainCatcher reports these addresses are linked to legal entities, project teams, and individual business owners, collectively holding about 1 billion rubles in crypto assets.

The information system is now accessible to government agencies and law enforcement, and bank transactions connected to the listed addresses are likely to be frozen.

The central bank said roughly 74% of the addresses are associated with financial pyramids and fraud, including fake crypto investments, bogus data-center projects, and unlawful crypto lending involving USDT stablecoins.

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