Rumors that the US Treasury Department is in the process of dismantling several financial institutions in connection with money laundering are spreading like wildfire on social media and forums. There is no official statement from the US and the news is considered FUD at this point. However, some believe that the rumors are a result of the announcement of sanctions against Russia last Thursday. The 15th. In April, the US Treasury issued a press release stating that the government had tightened sanctions against the Russian government, and the announcement referred to the use of cryptocurrency addresses for illegal transactions.
Flooding rumors on social media, OFAC acts against 16 groups that allegedly used crypto assets
Rumors are circulating on social media and cryptocurrency forums that the US government is trying to hack into the cryptocurrency industry. For example, tweeted on Sunday the 17th. April, a Twitter account called Fxhedge on the U.S. Treasury.
The US Treasury Department is going to sue several financial institutions for money laundering involving cryptocurrencies, it revealed in a tweet. The tweet has been rewritten more than 5,000 times since it was posted, and no one can respond. The alleged sources are also not mentioned in the tweet, and there is very little information to support this claim.
There was no official confirmation of this news during the press conference, but rumors of it were circulating on Twitter and Reddit. At the time of publication, many crypto-enthusiasts had heard of Treasury suppression as FUD.
Meanwhile, some speculators say the rumors could be related to the recent US sanctions against the Russian government and several international organizations. Thursday afternoon, the U.S. Treasury Department issued a press release stating that the organization and the Office of Foreign Assets Control (OFAC) hacked 16 organizations and 16 individuals. The press release states that these groups and individuals, led by Russian officials, sought to influence the 2020 U.S. election.
In addition, according to press reports, digital currency was used. The announcement from the US Treasury states:
As part of the addition of SES to the list of Specially Designated Nationals and Blocked Persons (SDN), OFAC is also identifying the addresses of digital currency used by SES to fulfill customer orders to help financial institutions and their third-party identity verification services identify customers on their platforms who have acquired false identity documents.
Cryptocurrencies pose a particular problem, says Janet Yellen.
As bitcoin (BTC) and the crypto economy swells, some skeptics believe that the U.S. government will go after this economy with everything in its power to stop its growth. Billionaire hedge fund manager Ray Dalio recently said there is a good chance the United States will do what they did in 1933 when they banned gold. Last Tuesday, Janet Yellen, head of the Treasury Department, spoke out about cryptocurrencies, telling the Senate Finance Committee and Senator Maggie Hassan that she was concerned.
Crypto-currencies pose a particular problem. I think a lot of it is used – at least in an operational sense – primarily for illicit finance, Yellen said. The U.S. government should look for ways to limit their use and ensure that [money laundering] does not go through these channels, Yellen added on 13. April 2021 added.
In OFACBTC, ETH, LTC and BCH addresses are listed.
In addition to a recent US Treasury Department press release about alleged Russian foreign intelligence interference and the Solarwinds cyber attack, the US Treasury Department’s OFAC has released a list of cryptographic addresses that authorities believe were behind the alleged attacks.
Government agencies, pundits, and the media relentlessly try to link cryptocurrencies to criminal behavior and illegal transactions. Despite numerous reports that blockchain does not attract criminals and that money laundering is much easier with untraceable US dollars.
What do you think about the recent rumors of a US Treasury raid and a press release from OFAC about Russian intelligence on cryptocurrency? Let us know what you think in the comments below.
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