The US Treasury Department Imposed Sanctions On 7 Crypto Wallets From Iran

The US Treasury Department’s Office of Foreign Asset Control has added 10 individuals, two entities, and several crypto addresses allegedly linked to an Iranian ransomware group to its list of Specially Designated Nationals, effectively making it illegal for US persons and businesses to engage with them.

According to a Treasury Department press release, the addresses were explicitly linked to two persons – Amir Hossein Nikaeen Ravari and Ahmad Khatibi Aghada – who reportedly helped develop and deploy ransomware as members of Iran’s Islamic Revolutionary Guard Corps (IRGC).

The penalties came after the US authorities charged three people with hacking-related charges. According to the Justice Department, Mansour Ahmadi, Nikaeen Ravari, and Aghada allegedly broke into hundreds of US companies and disseminated ransomware to numerous of these firms, including US infrastructure entities.

The undersecretary of the Treasury for Terrorism and Financial Intelligence, Brian Nelson said:

“Ransomware actors and other cybercriminals, regardless of their national origin or base of operations, have targeted businesses and critical infrastructure across the board — directly threatening the physical security and economy of the United States and other nations. We will continue to take coordination action with our global partners to combat and deter ransomware threats.”

In recent weeks, the Treasury Department’s Office of Foreign Assets Control (OFAC) has placed a number of Iranian officials on its Specially Designated Nationals (SDN) list in connection with alleged cyberattacks by members of Iran’s government.

OFAC added more than 40 cryptocurrency addresses linked to the contentious mixer Tornado Cash to its list of Specially Designated Nationals, sparking outrage from numerous individuals in and out of the field.

Treasury reiterated on Tuesday that while US individuals and businesses were not forbidden from sharing Tornado Cash’s code, they did require a special license to execute transactions made prior to the sanctions’ imposition or make withdrawals.

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