The Treasury Department is targeting Monero (XMR) addresses, according to the additions to Wednesday’s list of sanctioned people.
Russian citizens Dmitriy Karasavidi and Danil Potekhin are the newest names on the list of specially designated citizens. According to an announcement by the Treasury Department, the two carried out an elaborate phishing campaign for US citizens in 2017 and 2018.
Both parties had different cryptocurrency addresses, including Bitcoin (BTC) and Ether (ETH), as well as Zcash (ZEC) and Litecoin (LTC). Surprisingly, Karasavidi’s information includes a Monero address: 5be5543ff73456ab9f2d207887e2af87322c651ea1a873c5b25b7ffae456c320.
Although the Treasury Department has updated its crypto features, including targeting the crypto wallets of various Russian citizens who have allegedly been involved in election disruption and government-sponsored disinformation campaigns, this is the first time sanctions have been going in one direction. by XMR.
The investigation is the result of a now known collaboration between the Treasury Department, the Department of Homeland Security and the Department of Justice. A criminal complaint was opened in which the alleged hackers are accused. Regarding the announcement, Treasury Secretary Steven Mnuchin said:
“Finance will continue to use our agencies to fight cybercriminals and will continue to advocate the safe use of new technologies in the financial sector.”
Cryptanalysis companies that have signed contracts with the US government, such as B. Ciphertrace, were busy developing Monero tracking tools. The Internal Revenue Service announced a reward for anyone who can “crack” the infamously untraceable token.
However, the question remains: can the Treasury Department really track the transactions on this wallet?