US Sanctions Target Crypto Addresses Tied to Russian Drone Manufacturer: Impact on Bitcoin (BTC) and Ethereum (ETH)

• The US Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on crypto addresses linked to Russian drone maker OKO Design Bureau.
• The developer of OKO Design Bureau, along with three crypto addresses associated with the firm, has been added to the Specially Designated Nationals (SDN) list.
• The sanctions are part of efforts to limit Russia’s access to the global financial system and disrupt its influence in the war against Ukraine.

The US Treasury’s OFAC has sanctioned crypto addresses linked to Russian drone maker OKO Design Bureau, highlighting the increasing use of cryptocurrency in evading international sanctions.

OFAC Sanctions Reveal Crypto Addresses Used to Solicit Donations

The OKO Design Bureau reportedly operated a Telegram channel to solicit crypto donations for its operations, which include testing with the Russian Ministry of Defense and deploying unmanned aerial vehicles (UAVs) against Ukraine. Despite these efforts, the firm’s crypto donation collection amounted to less than $1,000, indicating limited success in fundraising through cryptocurrency.