Security News > 2022 > March > Coinbase blocks over 25,000 Russian-linked crypto addresses
Coinbase, one of the most popular cryptocurrency exchange platforms, announced today that it's blocking access to more than 25,000 blockchain addresses linked to Russian individuals and entities.
When the United States sanctioned a Russian national in 2020, it specifically listed three associated blockchain addresses. Through advanced blockchain analysis, we proactively identified over 1,200 additional addresses potentially associated with the sanctioned individual, which we added to our internal blocklist," Grewal said.
"Today, Coinbase blocks over 25,000 addresses related to Russian individuals or entities we believe to be engaging in illicit activity, many of which we have identified through our own proactive investigations."
"It's crucial to freeze not only the addresses linked to Russian and Belarusian politicians, but also to sabotage ordinary users," Fedorov said.
I'm asking all major crypto exchanges to block addresses of Russian users.
It's crucial to freeze not only the addresses linked to Russian and Belarusian politicians, but also to sabotage ordinary users.