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US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions

Published 05/16/2022, 05:25 PM
Updated 05/17/2022, 07:20 PM
US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions
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The United States Department of Justice may move forward on a criminal prosecution case against a United States citizen who allegedly violated sanctions through cryptocurrency.

According to a Friday opinion filing in U.S. District Court for the District of Columbia, the unnamed individual, who is the subject of a criminal investigation by the Justice Department allegedly sent more than $10 million in Bitcoin (BTC) from a U.S.-based crypto exchange to an exchange in a country for which the U.S. currently imposes sanctions — suggesting Russia, Cuba, North Korea, Syria or Iran. The filing alleged the individual “conspired to violate the International Emergency Economic Powers Act” and conspired to defraud the United States.

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