US Sanctions Russian Firm for Crypto-Related Cyber Espionage

The US Treasury Department has announced the imposition of sanctions on a Russian company accused of carrying out cyber espionage activities targeting the cryptocurrency industry. The move is part of ongoing efforts to combat illicit financial activity and protect global financial stability.

Binance, one of the largest cryptocurrency exchanges in the world, has taken steps to reduce its exposure to sanctioned entities. According to recent data, Binance's exposure to such entities decreased by 96.8% between 2024 and mid-2025, indicating a significant effort to comply with international regulations.

Separately, Russian authorities have taken custody of one of the cofounders of Finiko, a company involved in a $14 million crypto fraud case. The individual was deported from the UAE in connection with the alleged scheme, which promised unusually high returns using a specific token.