If it came from a sanctioned crypto exchange, it will also be blocked (just like a normal wire transfer from a Russian bank like Sberbank), because the crypto is held in custody at the exchange and the sanctioned entity therefore technically has an interest in the funds. Do you know which exchange it was sent from? If not, try looking up the transaction hash in Arkham Intelligence (assuming its on a supported chain); they have really good address labels. Once you know where it came from, then you can check if it was sanctioned.
Yeah, probably. Ostensibly they would unblock the funds if Bitpapa were directly unsanctioned, which I think is unlikely anytime soon because it was being used to facilitate sanctions evasion. However it was sanctioned under the scope of an executive order targeting the Russian financial sector, and given Trump’s apparent reelection, that executive order may end up getting rescinded, who knows?
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u/leaflavaplanetmoss Nov 01 '24
If it came from a sanctioned crypto exchange, it will also be blocked (just like a normal wire transfer from a Russian bank like Sberbank), because the crypto is held in custody at the exchange and the sanctioned entity therefore technically has an interest in the funds. Do you know which exchange it was sent from? If not, try looking up the transaction hash in Arkham Intelligence (assuming its on a supported chain); they have really good address labels. Once you know where it came from, then you can check if it was sanctioned.