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Crypto becomes lifeline for Iran and Russia amid Western sanctions – Chainalysis – TON BOT

Crypto becomes lifeline for Iran and Russia amid Western sanctions – Chainalysis

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The 2025 Crypto Crime Report by Chainalysis revealed that sanctioned entities received $15.8 billion in crypto in 2024, accounting for 39% of illicit transactions. Iran and Russia turned to digital assets to evade sanctions, with the US OFAC targeting financial networks. Iran’s increasing reliance on crypto was evident, while Russia legalized crypto mining and international payments to mitigate Western sanctions. Western agencies launched operations against Russian-linked crypto entities in 2024.

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