Washington Sanctions 8 Cryptocurrency Wallets Linked to Houthis, Russian Exchange
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. The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced the sanctions after blockchain forensic firms Chainalysis and TRM Labs confirmed the connection. Among the eight addresses, two belong to large crypto platforms, while six are privately controlled…