OFAC sanctions cryptocurrency addresses tied to Russian troll farm that interfered in U.S. elections

OFAC sanctions cryptocurrency addresses tied to Russian troll farm that interfered in U.S. electionsOFAC sanctions cryptocurrency addresses tied to Russian troll farm that interfered in U.S. elections

The Treasury Department’s Office of Foreign Assets Control (OFAC) said Thursday that it has sanctioned three employees of the Russian-based Internet Research Agency for its interference in U.S. elections as well as a series of associated cryptocurrency addresses.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Thursday's statement and accompanying details&nbsp;included specific addresses for Bitcoin, Litecoin and Ethereum as part of the financial sanctions. The Internet Research Agency (IRA)’s use of cryptocurrency was established back in 2018, when U.S. prosecutors accused the firm of participating in Russia’s interference in the 2016 presidential election. The IRA is a so-called troll farm, the activities of which are focused on spreading misinformation via digital channels.&nbsp;” data-reactid=”20″>Thursday’s statement and accompanying details included specific addresses for Bitcoin, Litecoin and Ethereum as part of the financial sanctions. The Internet Research Agency (IRA)’s use of cryptocurrency was established back in 2018, when U.S. prosecutors accused the firm of participating in Russia’s interference in the 2016 presidential election. The IRA is a so-called troll farm, the activities of which are focused on spreading misinformation via digital channels. 

OFAC said in its statement Thursday:

“Today, Treasury also designated three IRA actors pursuant to E.O. 13694, as amended by E.O. 13757, and E.O. 13848 for having acted or purported to act for or on behalf of, directly or indirectly, the IRA, an entity designated pursuant to E.O. 13694, as amended, and E.O. 13848. Russian nationals Artem Lifshits, Anton Andreyev, and Darya Aslanova, as employees of the IRA, supported the IRA’s cryptocurrency accounts. The IRA uses cryptocurrency to fund activities in furtherance of their ongoing malign influence operations around the world.”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The 2018 indictment against IRA noted that maintained accounts on unnamed cryptocurrency exchanges, which they allegedly obtained falsified identification documents.” data-reactid=”24″>The 2018 indictment against IRA noted that maintained accounts on unnamed cryptocurrency exchanges, which they allegedly obtained falsified identification documents.

It’s unclear if the three individuals named are involved in ongoing efforts to interfere with this year’s U.S. presidential election. Another person named in the sanctions release, Ukrainian parliament member Andrii Derkach, was sanctioned “for his efforts to influence the 2020 U.S. presidential election.”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="©&nbsp;2020&nbsp;The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.” data-reactid=”27″>© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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