Houthis used $900 million in crypto to bypass US sanctions, says TRM Labs

Blockchain intelligence firm TRM Labs has reported that eight crypto addresses linked to the Yemen-based Houthi group have moved over $900 million in cryptocurrencies to high-risk entities. According to the firm, the funds were likely spent on weapons and other military equipment. TRM Labs disclosed this in its recent report, which analyzed the Houthis’ crypto […] source: https://www.cryptopolitan.com/houthis-900-million-crypto-to-us-sanctions/