It’s not clear for what purposes Hanafin and his company used crypto. The wallet designated by OFAC received a bunch of large transactions since Feb. 2022, one for as much as 1,132,000 USDT. Most of the money sent to the wallet came from centralized exchanges like Binance, Huobi, OKX and the now-bankrupt FTX, according to the data on Etherscan.
U.S. Sanctions Watchdog Alleges Russia-Linked Crypto Wallet Processed $5M
