OFAC Sanctions Individuals Involved In Election Disruption Linked To BTC Payments
The US Treasury department Of Foreign Asset Control has levied some sanctions on some individuals, who allegedly meddled with the US elections. Although the election took place months ago, agencies in the US are still litigating and clarifying some specific aspects, which could affected the integrity of the presidential election.
OFAC explained that it would be sanctioning 16 groups and individuals who meddled with the election, in a bid to disrupt the activities. Asides from this intermeddling, some sources claim that Russia might be involved as President Biden recently released an executive order to that effect. While the US election was mostly peaceful, the US government has decided to take up meddling from outside sources.
Groups use crypto to finance activities
New data from Chainalysis shows that a huge part of the recently sanctioned individuals used crypto to finance and facilitate their activities. Some of the alleged groups and individuals are: South Front, website that some claim has ties with the Russian government, the Association For Free Research and International Cooperation (AFRIC).
Some believe it is an Africa front company politics, Second eye Solution (SES) linked to some fraudulent identity documents. These entities are being investigated by the US government, concerning how they are involved in the disruption of the election.
South Front, one of the investigated sites allegedly got over $12,000 in BTC, ETH and BCH to facilitate its activities. AFRIC has not received any crypto in its Dash and Zcash wallet. Raza received more than the rest of the group as it was credited $14,000 in BTC and LTC. Another outstanding entity amongst the group is SES, which has transacted in millions of dollar.
The wallet has done over 31,000 transactions, which has amounted to over $2.3 million. The transactions started from around 2013, and has been active since then. Chainalysis explained that Second eye is making synthetic and not stolen ID documents.
SES allegedly created fake identity documents for KYC bypass
The crypto data firm shared how Second eye’s documents were in JPEG form, and that there is no physical documents available. This means that the current situation is mostly with remote photos or video KYC verifications. Sources explain that the site charges are low as $30 to $80 to get fake documents to bypass KYC by deceiving the computers.
The data firm said that the group accepts various payment mediums, such as Payoneer, Bitcoin, Ethereum, Bitcoin Cash and others. People linked the Second eye to Internet Research Agency (IRA) a Russian group, which information has revealed is involved in 2016 US elections.
The US intelligence has seen information, which allegedly means that the IRA group could have purchased fraudulent identity documents from the website to troll and misinform people during the election times. Interestingly, IRA has been sanctioned by the US government, alongside other similar groups.
Still, Raza, SES and other groups that might have tried to undermine the US election are presently under OFAC’s block person’s list for selling the documents to allow individuals bypass KYC requirements. The agency explained that it would investigate the Russian government and its interference with the US elections.
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