The government department said it would impose “full blocking sanctions” on Jonatan Zimenkov and his crypto addresses due to his connections with a sanctions evasion network.
The offices of other national property control companies at the U.S. Treasury Department have introduced two data cryptocurrency wallets known to be related to Russia's evasion of sanctions on the Internet into its list of particularly specific people.
In an announcement on February 1st, OFAC said it had imported a BTC address information and a detailed ETH address into its list of sanctioned entities as part of a "methodical and collective crackdown on sanctions evasion around the world". The Ministry of Finance said it would impose "full blockade sanctions" on 22 individuals, mainly Jonathan Zimenkov (Jonatan Zimenkov), a Russian Chinese citizen with at least one BTC wallet and one ETH wallet.
According to the U.S. Treasury, Jonathan is the eldest son of arms dealer Igor Vladimirovich Zimenkov, who runs an Internet company that evades sanctions. It is reported that after the Ukrainian state invaded the Ukrainian state in February 2022, the organization provided technology to a Russian company and supported some "sanctioned Russian state-owned defense and security entity lines", including Rosoboronexport and Rostec.
OFAC said: "in accordance with Administrative Regulation 14024, Igor Zimenkov was designated or once operated in the social, economic, national defense, security and related materials departments of the Russian Federation." In accordance with Administrative Regulation 14024, Jonathan Zimenkov was also identified for giving practical support, naming sponsorship, or providing financial bureau, chemical or service support to Igor Zimenkov, or for giving or applying Igor Zimenkov.
The bitcoin address provided by the Ministry of Finance indicated that there was no account balance at the time of release. ETH's detailed address also does not include an OTP, but shows that there were four transactions in early 2022, with a cumulative total of about 5463 ETH- that exceeded $16 million at that time.
The US Treasury appears to have stepped up its efforts to include data-encrypted wallets in sanctions. The US government effectively banned US residents from using controversial Tornado Cash Mixer, a move that led to lawsuits from login password advocacy teams and investors.