Sanctioned Russian banker offloads $19m in Copper shares
A sanctioned Russian banker sold $19m worth of shares in Copper, a crypto custodian linked to ex-U.K. Chancellor Philip Hammond. As reported by The Guardian, Russian-sanctioned banker Mikhail Klyukin has sold over £15 million (around $19 million) worth of shares in Copper Technologies, a cryptocurrency custodian that named former U.K. Chancellor Philip Hammond as its chair in early 2023. According to the report, the transaction was orchestrated by the London-headquartered firm to address concerns after Mikhail Klyukin — who owns over 2% of the company — was placed on the U.S. sanctions list in March 2022. As of press time, Copper has made no public statements on the matter. In a commentary to The Guardian, a spokesperson for Copper said the firm “had complied with applicable sanctions law at all times, based on external legal advice.” You might also like: EU sanctions Russians from owning crypto businesses Acting as an intermediary, Copper is understood to h...