In 2024, sanctions shifted in both scope and strategy, reflecting a broader evolution in illicit on-chain activity in response to increasing geopolitical tension. As sanctioned entities turn to alternative financial channels like cryptocurrency, the United States (U.S.) Treasury’s Office of Foreign Assets Control (OFAC) has intensified efforts to dismantle the financial infrastructure sustaining sanctioned states, moving beyond traditional banking. The U.S. and its allies continued to take aim a...