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On March 20, 2024, the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury sanctioned Ilya Andreevich Gambashidze, the founder of the Moscow-based company Social Design Agency (SDA), as well as two of his crypto addresses.
In the following Media Release, OFAC stated “Ilya Andreyevich Gambashidze (Gambashidze)…along with Nikolai Aleksandrovich Tupikin (Tupikin), CEO and current owner of Russia-based Grupa Structura (Structura), were involved in a persistent campaign of foreign malicious influence on management administration of the Russian president.” A media note In the previous edition of the US State Department, it is noted that Gambashidze “leads a group of actors of malicious influence consisting of members of SDA and Structure to carry out a campaign of manipulation of information against Latin American countries”.
The two crypto addresses listed as part of Gambashidze’s tag, both Tron addresses, received just over $205,000 mostly in USDT. Elliptic determined that a significant amount of funds received at one of these addresses originated from Garantex, a Russia-based cryptoasset exchange that facilitated money laundering on behalf of Russian ransomware gangs and other illegal actors based in Russia and was sanctioned by OFAC On April 5, 2022, Garantex was also involved allowing Russian oligarchs to transfer their wealth out of the country after the invasion of Ukraine.
How we can help
Elliptic has taken immediate action to ensure that the addresses included in the latest tags are available for review and tracking using our new generation Holistic blockchain analytics technology.
Users will now be able to ensure that they do not inadvertently process funds originating from – or sent to – addresses included in this flag. Elliptic continues to engage in preventive monitoring of high-risk crime areas. You can Contact us for further information or schedule a demo.
To keep up with the latest crypto crime trends and ensure you’re protected, you can access insights from our global policy and research teams at Elliptic blog.
Sanctions
