Crypto Scandal: Russian Oligarch Accused Of Sanctions Evasion In £15 Million Firm Share Sale
Summary
Summary: Russian oligarch Mikhail Klyukin is accused of evading US sanctions by selling £15 million worth of shares in a crypto firm, Copper Technologies. The transaction involved converting the funds into cryptocurrency to circumvent sanctions. Copper faces potential risks, including secondary sanctions, for its involvement. The company claims compliance with sanctions laws and states that former UK Chancellor Philip Hammond was unaware of the share sale initially. Copper's advocacy of digital assets has faced skepticism from UK financial regulators, impacting its growth shares.
