Blockchain forensics firm finds millions in sanctioned crypto wallet

Blockchain Security and Forensic Firm Ellipse are working with the authorities to release crypto wallets associated with authorized individuals or entities.

The United Kingdom-based company has discovered a wallet with significant crypto-assets holding millions of dollars that could be linked to authorized Russian officials and oligarchs.

Speaking to Bloomberg on March 14, Tom Robinson, co-founder of the elite, said cryptocurrencies could be used to evade sanctions. However, it has been widely reported and now generally accepted that Russia is very unlikely to pivot to avoid crypto resources.