US Sanctions Russian Firm Accused of Cyber Espionage Amid Crypto Regulatory Crackdown

The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned a Russian firm for allegedly engaging in cyber espionage activities. This move is part of an ongoing effort to regulate entities involved in cryptocurrency transactions.

Binance, one of the largest cryptocurrency exchanges globally, has made significant efforts to reduce its exposure to sanctioned entities following accusations. According to recent reports, Binance's exposure to such entities dropped by 96.8% between 2024 and mid-2025.

In related news, Russian authorities have taken custody of a cofounder of Finiko, a company implicated in a $14 million crypto fraud case involving the use of a token named 'Finiko'. Meanwhile, the US Treasury has sanctioned eight individuals and two companies linked to North Korea for allegedly laundering billions in stolen cryptocurrency.