{"id":730,"date":"2024-09-26T07:25:26","date_gmt":"2024-09-26T11:25:26","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/?p=730"},"modified":"2024-09-26T07:25:27","modified_gmt":"2024-09-26T11:25:27","slug":"germany-seizure-of-47-crypto-exchanges-being-used-for-sanctions-circumvention","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2024\/09\/26\/germany-seizure-of-47-crypto-exchanges-being-used-for-sanctions-circumvention\/","title":{"rendered":"Germany &#8211; seizure of 47 crypto exchanges being used for sanctions circumvention"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Germany&#8217;s <a href=\"https:\/\/www.finalexchange.de\/en\">Federal Criminal Police<\/a> have seized the infrastructure of 47 Russian-language no-KYC cryptocurrency exchanges.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The website announcing the action (called &#8220;Operation Final Exchange&#8221;) states: &#8220;<em>We have found their servers and seized them \u2013 development servers, production servers, backup servers. We have their data \u2013 and therefore we have your data. Transactions, registration data, IP addresses<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Our search for traces begins. See you soon<\/strong>&#8220;.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is <a href=\"https:\/\/www.chainalysis.com\/blog\/german-authorities-seize-russia-centric-exchanges\/\">being reported<\/a> that the seizures, while certainly targeting a range of financial crimes, were also driven by the use of these exchanges as a means of circumventing sanctions, particularly by designated Russian banks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is likely that this Operation Final Exchange will generate substantive financial intelligence and further enforcement actions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Germany&#8217;s Federal Criminal Police have seized the infrastructure of 47 Russian-language no-KYC cryptocurrency exchanges. The website announcing the action (called &#8220;Operation Final Exchange&#8221;) states: &#8220;We have found their servers and seized them \u2013 development servers, production servers, backup servers. We have their data \u2013 and therefore we have your data. Transactions, registration data, IP addresses &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2024\/09\/26\/germany-seizure-of-47-crypto-exchanges-being-used-for-sanctions-circumvention\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Germany &#8211; seizure of 47 crypto exchanges being used for sanctions circumvention&#8221;<\/span><\/a><\/p>\n","protected":false},"author":656,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[79,71],"tags":[20,25,18],"ppma_author":[7],"class_list":["post-730","post","type-post","status-publish","format-standard","hentry","category-79","category-financial-services","tag-financial-sanctions","tag-germany","tag-russia"],"authors":[{"term_id":7,"user_id":656,"is_guest":0,"slug":"mhandley","display_name":"Mark Handley","avatar_url":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-content\/uploads\/sites\/65\/2023\/09\/handleymark-100x100.jpg","author_category":"","last_name":"Handley","first_name":"Mark","job_title":"","user_url":"https:\/\/www.duanemorris.com\/attorneys\/markhandley.html","description":"<a href=\"https:\/\/www.duanemorris.com\/attorneys\/markhandley.html\">Read Mark's bio.<\/a>"}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/users\/656"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/comments?post=730"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/730\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/media?parent=730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/categories?post=730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/tags?post=730"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/ppma_author?post=730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}