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🚨 Citigroup Bets Big on Bitcoin Proxy — Buys 1M Metaplanet Shares Amid 12-Year Stock High 🌐 In a bold move reflecting rising institutional confidence in digital assets, Citigroup has purchased 962,000 shares of Metaplanet, Japan’s largest publicly traded Bitcoin holder. 🚀 This comes as Metaplanet’s stock surges 400% YTD, hitting a 12-year high above ¥1,800. 🏦 Capital Group also jumped in, acquiring 1.8 million shares last week alone. 🔍 Why it matters: 🔗 Metaplanet is fast becoming Asia’s MicroStrategy, serving as a proxy Bitcoin play for traditional investors. 🏛 Institutional appetite for crypto-aligned equities is clearly accelerating — a signal of shifting strategy on Wall Street. 📊 This may be just the beginning of legacy finance bridging into Bitcoin exposure via public market plays. #Bitcoin #Citigroup #Metaplanet #InstitutionalInvesting #CryptoEquities https://coingape.com/news/stocks/citigroup-purchases-1m-metaplanet-shares-as-stock-price-hits-12-year-high/
🚨 Citigroup Bets Big on Bitcoin Proxy — Buys 1M Metaplanet Shares Amid 12-Year Stock High
🌐 In a bold move reflecting rising institutional confidence in digital assets, Citigroup has purchased 962,000 shares of Metaplanet, Japan’s largest publicly traded Bitcoin holder.
🚀 This comes as Metaplanet’s stock surges 400% YTD, hitting a 12-year high above ¥1,800.
🏦 Capital Group also jumped in, acquiring 1.8 million shares last week alone.
🔍 Why it matters:
🔗 Metaplanet is fast becoming Asia’s MicroStrategy, serving as a proxy Bitcoin play for traditional investors.
🏛 Institutional appetite for crypto-aligned equities is clearly accelerating — a signal of shifting strategy on Wall Street.
📊 This may be just the beginning of legacy finance bridging into Bitcoin exposure via public market plays.
#Bitcoin #Citigroup #Metaplanet #InstitutionalInvesting #CryptoEquities
https://coingape.com/news/stocks/citigroup-purchases-1m-metaplanet-shares-as-stock-price-hits-12-year-high/
TRUMP WARNS MUSK OF SERIOUS CONSEQUENCES OVER DEMOCRAT FUNDING!TRUMP WARNS MUSK OF SERIOUS CONSEQUENCES OVER DEMOCRAT FUNDING! Donald Trump has warned Elon Musk of "serious consequences" if he backs Democratic candidates or funds efforts to unseat Republicans supporting a controversial government spending bill. The warning comes after a public feud between the two, sparked by Musk's criticism of Trump's spending package as a "disgusting abomination". Key Points: - Trump's Warning: Trump stated that Musk will "have to pay very serious consequences" if he decides to fund Democratic candidates, without specifying what those consequences would be. Feud Background: The spat began when Musk criticized Trump's spending bill, which could add $2.4 trillion to the US debt over 10 years, prompting Trump to lash out in an Oval Office outburst. Deleted Posts: Musk deleted some social media posts critical of Trump, including one suggesting Trump should be impeached, potentially indicating a desire to de-escalate the feud. Musk's Previous Support: Musk bankrolled a large part of Trump's 2024 presidential campaign, spending nearly $300 million, and was appointed to lead an effort to downsize the federal workforce and slash spending . Current Status: Trump has stated that his relationship with Musk is over, and he has no intention of speaking to him. Vice President JD Vance has called Musk's criticism of Trump a "huge mistake" and hopes Musk will eventually "come back into the fold" .#BigTechStablecoin #MarketPullback #TrumpVsMusk $BTC $TRUMP

TRUMP WARNS MUSK OF SERIOUS CONSEQUENCES OVER DEMOCRAT FUNDING!

TRUMP WARNS MUSK OF SERIOUS CONSEQUENCES OVER DEMOCRAT FUNDING!
Donald Trump has warned Elon Musk of "serious consequences" if he backs Democratic candidates or funds efforts to unseat Republicans supporting a controversial government spending bill. The warning comes after a public feud between the two, sparked by Musk's criticism of Trump's spending package as a "disgusting abomination".
Key Points:
- Trump's Warning: Trump stated that Musk will "have to pay very serious consequences" if he decides to fund Democratic candidates, without specifying what those consequences would be.
Feud Background: The spat began when Musk criticized Trump's spending bill, which could add $2.4 trillion to the US debt over 10 years, prompting Trump to lash out in an Oval Office outburst.
Deleted Posts: Musk deleted some social media posts critical of Trump, including one suggesting Trump should be impeached, potentially indicating a desire to de-escalate the feud.
Musk's Previous Support: Musk bankrolled a large part of Trump's 2024 presidential campaign, spending nearly $300 million, and was appointed to lead an effort to downsize the federal workforce and slash spending .
Current Status:
Trump has stated that his relationship with Musk is over, and he has no intention of speaking to him. Vice President JD Vance has called Musk's criticism of Trump a "huge mistake" and hopes Musk will eventually "come back into the fold" .#BigTechStablecoin #MarketPullback #TrumpVsMusk $BTC $TRUMP
IMAGINE WAKING UP TO $81 TRILLION IN YOUR BANK ACCOUNT……Only for it to vanish 90 minutes later. A Citigroup customer just got “accidentally” transferred $81,000,000,000,000 instead of $280. Yes, you read that right — 81 TRILLION DOLLARS. The error went undetected by not one, but TWO employees… until a third finally spotted the jaw-dropping mistake and pulled the plug. For 90 wild minutes, that account held more money than the GDP of most countries combined — but the customer never got to touch it. Citigroup reversed the transfer just in time. This isn’t their first colossal blunder: In 2020, they mistakenly sent $893 million to Revlon’s lenders — some never gave it back. In 2022, a stock error triggered a shockwave in European markets. Question is: how many more “mistakes” before something slips through? If a bank can “accidentally” send TRILLIONS, what else is going unnoticed? Citigroup’s control systems are under fire — again. And this story? It’s not just shocking. It’s a warning.

IMAGINE WAKING UP TO $81 TRILLION IN YOUR BANK ACCOUNT…

…Only for it to vanish 90 minutes later.

A Citigroup customer just got “accidentally” transferred $81,000,000,000,000 instead of $280.
Yes, you read that right — 81 TRILLION DOLLARS.

The error went undetected by not one, but TWO employees… until a third finally spotted the jaw-dropping mistake and pulled the plug.

For 90 wild minutes, that account held more money than the GDP of most countries combined — but the customer never got to touch it. Citigroup reversed the transfer just in time.

This isn’t their first colossal blunder:

In 2020, they mistakenly sent $893 million to Revlon’s lenders — some never gave it back.

In 2022, a stock error triggered a shockwave in European markets.

Question is: how many more “mistakes” before something slips through?

If a bank can “accidentally” send TRILLIONS, what else is going unnoticed?

Citigroup’s control systems are under fire — again.
And this story? It’s not just shocking. It’s a warning.
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Bullish
It looks like you’re checking data for $CITY /USDT — a fan token — likely on Binance or a similar exchange. Here's a quick breakdown of the key data you’ve shared: --- Current Price: $1.093 (+9.30% today) --- 24h Range: High: $1.236 Low: $0.964 --- Volume (24h): $CITY tokens: 4.39M USDT: 4.92M $CITY --- Technical Indicators: MA(5): 859,271.58 MA(10): 499,425.35 MACD / RSI / BOLL / EMA / SAR etc. mentioned – you might be using them for technical analysis. --- Performance: Today: +8.97% 7 Days: +0.09% 30 Days: +6.22% 90 Days: -40.53% 180 Days: -49.30% 1 Year: -73.50% --- This shows a short-term bullish movement, but long-term trend is bearish. If you’re planning to trade this token, you might want to consider your risk tolerance and market timing, especially since fan tokens can be highly volatile and news-driven. #RiskRewardRatio #CitizenConflict #CitiGroup #city #city之前叫你们埋伏足球币不信
It looks like you’re checking data for $CITY /USDT — a fan token — likely on Binance or a similar exchange. Here's a quick breakdown of the key data you’ve shared:

---

Current Price:

$1.093 (+9.30% today)

---

24h Range:

High: $1.236

Low: $0.964

---

Volume (24h):

$CITY tokens: 4.39M

USDT: 4.92M

$CITY
---

Technical Indicators:

MA(5): 859,271.58

MA(10): 499,425.35

MACD / RSI / BOLL / EMA / SAR etc. mentioned – you might be using them for technical analysis.

---

Performance:

Today: +8.97%

7 Days: +0.09%

30 Days: +6.22%

90 Days: -40.53%

180 Days: -49.30%

1 Year: -73.50%

---

This shows a short-term bullish movement, but long-term trend is bearish. If you’re planning to trade this token, you might want to consider your risk tolerance and market timing, especially since fan tokens can be highly volatile and news-driven.
#RiskRewardRatio #CitizenConflict #CitiGroup #city #city之前叫你们埋伏足球币不信
THE BANK TRANSFERS YOU $81 TRILLION BY MISTAKE — THEN TAKES IT BACK IN 90 MINUTES Citigroup blunder raises fresh concerns over financial system controls Imagine waking up to find your bank balance has 14 zeroes on it — $81 trillion instead of the $280 you were expecting. That’s exactly what happened to a Citigroup customer in the U.S., in one of the most jaw-dropping financial slip-ups in recent history. According to People Magazine, the error lasted around 90 minutes before it was caught and reversed. Initially overlooked by two employees, the mistake only came to light when a third person noticed the absurd figure. The transaction was immediately canceled before the customer could access the funds — narrowly avoiding a potential banking catastrophe. But this isn’t just a “funny story.” It raises serious questions about how one of the world’s biggest financial institutions could allow such an error to pass through multiple layers of oversight. Not Citigroup’s First Rodeo This isn’t the first time Citi’s internal controls have failed dramatically: • In 2020, the bank accidentally sent $893 million to lenders of Revlon. Some recipients refused to return the funds, sparking a years-long legal fight. • In 2022, a Citi trader error led to a sudden plunge in European stock markets, prompting regulatory sanctions for “insufficient risk controls.” With repeated errors of this scale, it’s clear that human oversight and system safeguards need serious upgrades — especially in a digital era where a few clicks can move billions (or trillions) in seconds. Final Thought While the customer never got to spend that imaginary $81 trillion, the incident is a stark reminder: if banks can make mistakes at this scale, how safe is your money, really? #BankingFails #Citigroup #FinanceNews #Write2Earn #DigitalBanking
THE BANK TRANSFERS YOU $81 TRILLION BY MISTAKE — THEN TAKES IT BACK IN 90 MINUTES
Citigroup blunder raises fresh concerns over financial system controls

Imagine waking up to find your bank balance has 14 zeroes on it — $81 trillion instead of the $280 you were expecting. That’s exactly what happened to a Citigroup customer in the U.S., in one of the most jaw-dropping financial slip-ups in recent history.

According to People Magazine, the error lasted around 90 minutes before it was caught and reversed. Initially overlooked by two employees, the mistake only came to light when a third person noticed the absurd figure. The transaction was immediately canceled before the customer could access the funds — narrowly avoiding a potential banking catastrophe.

But this isn’t just a “funny story.” It raises serious questions about how one of the world’s biggest financial institutions could allow such an error to pass through multiple layers of oversight.

Not Citigroup’s First Rodeo

This isn’t the first time Citi’s internal controls have failed dramatically:
• In 2020, the bank accidentally sent $893 million to lenders of Revlon. Some recipients refused to return the funds, sparking a years-long legal fight.
• In 2022, a Citi trader error led to a sudden plunge in European stock markets, prompting regulatory sanctions for “insufficient risk controls.”

With repeated errors of this scale, it’s clear that human oversight and system safeguards need serious upgrades — especially in a digital era where a few clicks can move billions (or trillions) in seconds.

Final Thought

While the customer never got to spend that imaginary $81 trillion, the incident is a stark reminder: if banks can make mistakes at this scale, how safe is your money, really?

#BankingFails #Citigroup #FinanceNews #Write2Earn #DigitalBanking
--
Bullish
Thank god it is not in #Crypto 🙏 #CitiGroup , third-largest US bank, accidentally sent a customer $81 trillion ($81,000,000,000,000) instead of $280. $ADA $SOL $BNB
Thank god it is not in #Crypto 🙏

#CitiGroup , third-largest US bank, accidentally sent a customer $81 trillion ($81,000,000,000,000) instead of $280.

$ADA $SOL $BNB
🚨 BIGGEST BANK ERROR EVER?! 🚨 Citigroup, the third-largest US bank, accidentally sent $81 TRILLION instead of $280 to a customer. 😳💰 That’s more than the global GDP! How does a mistake like this even happen?! 🤯 #CitiGroup #BankError #BreakingNews
🚨 BIGGEST BANK ERROR EVER?! 🚨

Citigroup, the third-largest US bank, accidentally sent $81 TRILLION instead of $280 to a customer. 😳💰

That’s more than the global GDP! How does a mistake like this even happen?! 🤯

#CitiGroup #BankError #BreakingNews
Citigroup Forecasts Stablecoin Supply Could Reach $3.7 Trillion by 2030 Citigroup projects stablecoin supply may grow to $1.6 trillion in a base-case and up to $3.7 trillion in a bullish scenario by 2030, urging banks to adapt via custodial, treasury-asset, and issuance services amid rising adoption and regulatory clarity . #Writetoearn #CitiGroup
Citigroup Forecasts Stablecoin Supply Could Reach $3.7 Trillion by 2030

Citigroup projects stablecoin supply may grow to $1.6 trillion in a base-case and up to $3.7 trillion in a bullish scenario by 2030, urging banks to adapt via custodial, treasury-asset, and issuance services amid rising adoption and regulatory clarity
.
#Writetoearn
#CitiGroup
U.S. Banks explore joint stablecoin initiative amid pending regulation Several major U.S. banks, including #JPMorganChase , #BankofAmerica , #Citigroup , and #WellsFargo , are in early discussions to develop a joint #stablecoin project, according to a Wall Street Journal report. The move would be a direct challenge to the current dominance of crypto-native issuers #Circle and #Tether in the $245 billion #stablecoin market. The banks are reportedly exploring the effort through their affiliated payment companies, such as Early Warning Services and the Clearing House.
U.S. Banks explore joint stablecoin initiative amid pending regulation

Several major U.S. banks, including #JPMorganChase , #BankofAmerica , #Citigroup , and #WellsFargo , are in early discussions to develop a joint #stablecoin project, according to a Wall Street Journal report. The move would be a direct challenge to the current dominance of crypto-native issuers #Circle and #Tether in the $245 billion #stablecoin market. The banks are reportedly exploring the effort through their affiliated payment companies, such as Early Warning Services and the Clearing House.
Citigroup Downgrades U.S. Stocks Amid Global Risks Citigroup strategists have lowered their U.S. equity rating from overweight to neutral, citing: ·       Erosion of U.S. "exceptionalism" in GDP & earnings growth ·       Elevated market valuations amid worsening EPS revisions ·       Rising risks from European fiscal policies and trade tensions Key Insight: The shift reflects growing preference for non-U.S. markets as diversification gains urgency. #Stocks #Market s #Investing #Economy #Citigroup
Citigroup Downgrades U.S. Stocks Amid Global Risks

Citigroup strategists have lowered their U.S. equity rating from overweight to neutral, citing:

·       Erosion of U.S. "exceptionalism" in GDP & earnings growth

·       Elevated market valuations amid worsening EPS revisions

·       Rising risks from European fiscal policies and trade tensions

Key Insight: The shift reflects growing preference for non-U.S. markets as diversification gains urgency.

#Stocks #Market s #Investing #Economy #Citigroup
#Citigroup Forecasts Stablecoin Supply Could Reach $3.7 Trillion by 2030 #Citigroup projects stablecoin supply may grow to $1.6 trillion in a base-case and up to $3.7 trillion in a bullish scenario by 2030, urging banks to adapt via custodial, treasury-asset, and issuance services amid rising adoption and regulatory clarity.$BTC
#Citigroup Forecasts Stablecoin Supply Could Reach $3.7 Trillion by 2030

#Citigroup projects stablecoin supply may grow to $1.6 trillion in a base-case and up to $3.7 trillion in a bullish scenario by 2030, urging banks to adapt via custodial, treasury-asset, and issuance services amid rising adoption and regulatory clarity.$BTC
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☄️BREAKING: ARK Invest updates its price prediction for 2030 #Bitcoin to 2.4 million dollars 🚀 🚨BITCOIN EXCHANGE RESERVES ARE FALLING TO UNPRECEDENTED LEVELS. A SUPPLY SHOCK IS COMING! 🔥 🔥 BULLISH: Citigroup projects a $3.7 trillion bull market for stablecoins by 2030. #CitiGroup #citibank #BTC #Stablecoins #MarketRebound $BTC $USDC
☄️BREAKING: ARK Invest updates its price prediction for 2030 #Bitcoin to 2.4 million dollars 🚀

🚨BITCOIN EXCHANGE RESERVES ARE FALLING TO UNPRECEDENTED LEVELS.

A SUPPLY SHOCK IS COMING! 🔥

🔥 BULLISH: Citigroup projects a $3.7 trillion bull market for stablecoins by 2030.

#CitiGroup #citibank #BTC #Stablecoins #MarketRebound $BTC $USDC
Startup founded by former Citigroup executives to launch XRP-backed securities Receipts Depositary Corp. #RDC , a start-up founded by former #Citigroup executives, is set to launch #XRP -backed securities. The new offering will provide institutions with access to $XRP through U.S. regulated market infrastructure. RDC, which already offers bitcoin and ether-backed securities, plans to use depositary receipts similar to American depositary receipts (ADRs) for foreign stocks. These securities will be available to qualified institutional buyers in exempt transactions, bypassing SEC approval.
Startup founded by former Citigroup executives to launch XRP-backed securities

Receipts Depositary Corp. #RDC , a start-up founded by former #Citigroup executives, is set to launch #XRP -backed securities. The new offering will provide institutions with access to $XRP through U.S. regulated market infrastructure. RDC, which already offers bitcoin and ether-backed securities, plans to use depositary receipts similar to American depositary receipts (ADRs) for foreign stocks. These securities will be available to qualified institutional buyers in exempt transactions, bypassing SEC approval.
THE BANK TRANSFERS YOU $81 TRILLION BY MISTAKE — THEN TAKES IT BACK IN 90 MINUTES Citigroup blunder raises fresh concerns over financial system controls Imagine waking up to find your bank balance has 14 zeroes on it — $81 trillion instead of the $280 you were expecting. That’s exactly what happened to a Citigroup customer in the U.S., in one of the most jaw-dropping financial slip-ups in recent history. According to People Magazine, the error lasted around 90 minutes before it was caught and reversed. Initially overlooked by two employees, the mistake only came to light when a third person noticed the absurd figure. The transaction was immediately canceled before the customer could access the funds — narrowly avoiding a potential banking catastrophe. But this isn’t just a “funny story.” It raises serious questions about how one of the world’s biggest financial institutions could allow such an error to pass through multiple layers of oversight. Not Citigroup’s First Rodeo This isn’t the first time Citi’s internal controls have failed dramatically: • In 2020, the bank accidentally sent $893 million to lenders of Revlon. Some recipients refused to return the funds, sparking a years-long legal fight. • In 2022, a Citi trader error led to a sudden plunge in European stock markets, prompting regulatory sanctions for “insufficient risk controls.” With repeated errors of this scale, it’s clear that human oversight and system safeguards need serious upgrades — especially in a digital era where a few clicks can move billions (or trillions) in seconds. Final Thought While the customer never got to spend that imaginary $81 trillion, the incident is a stark reminder: if banks can make mistakes at this scale, how safe is your money, really? #BankingFails #CitiGroup #FinanceNewsUpdate #Write2Earn! #DigitalBanking
THE BANK TRANSFERS YOU $81 TRILLION BY MISTAKE — THEN TAKES IT BACK IN 90 MINUTES
Citigroup blunder raises fresh concerns over financial system controls
Imagine waking up to find your bank balance has 14 zeroes on it — $81 trillion instead of the $280 you were expecting. That’s exactly what happened to a Citigroup customer in the U.S., in one of the most jaw-dropping financial slip-ups in recent history.
According to People Magazine, the error lasted around 90 minutes before it was caught and reversed. Initially overlooked by two employees, the mistake only came to light when a third person noticed the absurd figure. The transaction was immediately canceled before the customer could access the funds — narrowly avoiding a potential banking catastrophe.
But this isn’t just a “funny story.” It raises serious questions about how one of the world’s biggest financial institutions could allow such an error to pass through multiple layers of oversight.
Not Citigroup’s First Rodeo
This isn’t the first time Citi’s internal controls have failed dramatically:
• In 2020, the bank accidentally sent $893 million to lenders of Revlon. Some recipients refused to return the funds, sparking a years-long legal fight.
• In 2022, a Citi trader error led to a sudden plunge in European stock markets, prompting regulatory sanctions for “insufficient risk controls.”
With repeated errors of this scale, it’s clear that human oversight and system safeguards need serious upgrades — especially in a digital era where a few clicks can move billions (or trillions) in seconds.
Final Thought
While the customer never got to spend that imaginary $81 trillion, the incident is a stark reminder: if banks can make mistakes at this scale, how safe is your money, really?
#BankingFails #CitiGroup #FinanceNewsUpdate #Write2Earn! #DigitalBanking
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Citigroup and SIX Group AG collaborate to modernize access to private markets.To increase access to private markets, Citigroup announced a partnership with the Swiss stock exchange SIX Group AG. The purpose of this collaboration is to make the settlement and custody processes of assets in private markets simpler and more digital, which have historically been very manual. According to an official statement mentioned by Bloomberg, this initiative will allow Citigroup to use the SDX platform, which is the digital assets division of SIX. Thanks to this platform, they will offer shares of companies in advanced stages of growth and before their Initial Public Offering (IPO). This offering is expected to be available starting in the third quarter of 2025. This initiative has the potential to be a significant milestone in expanding access to private investments. Marni McManus, head of Citigroup in Switzerland, Monaco, and Liechtenstein, emphasized the importance of this collaboration. She noted that this partnership will facilitate the "simplification and digitalization of what is currently a predominantly manual and paper-based industry." This transition to digital promises to significantly shorten execution times in transactions and enhance efficiency in asset management. Thus, access to private markets could evolve into a completely new stage. It is important to mention that the distribution of these pre-IPO shares will be carried out through two strategic partners: Sygnum Bank AG, a digital asset bank, and SBI Digital Markets, a brokerage firm located in Singapore.

Citigroup and SIX Group AG collaborate to modernize access to private markets.

To increase access to private markets, Citigroup announced a partnership with the Swiss stock exchange SIX Group AG. The purpose of this collaboration is to make the settlement and custody processes of assets in private markets simpler and more digital, which have historically been very manual. According to an official statement mentioned by Bloomberg, this initiative will allow Citigroup to use the SDX platform, which is the digital assets division of SIX. Thanks to this platform, they will offer shares of companies in advanced stages of growth and before their Initial Public Offering (IPO). This offering is expected to be available starting in the third quarter of 2025. This initiative has the potential to be a significant milestone in expanding access to private investments. Marni McManus, head of Citigroup in Switzerland, Monaco, and Liechtenstein, emphasized the importance of this collaboration. She noted that this partnership will facilitate the "simplification and digitalization of what is currently a predominantly manual and paper-based industry." This transition to digital promises to significantly shorten execution times in transactions and enhance efficiency in asset management. Thus, access to private markets could evolve into a completely new stage. It is important to mention that the distribution of these pre-IPO shares will be carried out through two strategic partners: Sygnum Bank AG, a digital asset bank, and SBI Digital Markets, a brokerage firm located in Singapore.
🚨 JUST BREAKING NEWS 🚨 💰 Citigroup, the third-largest U.S. bank, made a massive error—accidentally transferring $81 TRILLION ($81,000,000,000,000) instead of just $280 to a customer! 😱🏦 🔄 The bank has since reversed the transaction, but this is one of the biggest banking blunders ever! 📉 What would you do if this showed up in your account? 🤯💸 #CitiGroup #BankingFail #FinanceNewsUpdate
🚨 JUST BREAKING NEWS 🚨

💰 Citigroup, the third-largest U.S. bank, made a massive error—accidentally transferring $81 TRILLION ($81,000,000,000,000) instead of just $280 to a customer! 😱🏦

🔄 The bank has since reversed the transaction, but this is one of the biggest banking blunders ever!

📉 What would you do if this showed up in your account? 🤯💸

#CitiGroup #BankingFail #FinanceNewsUpdate
🚨 JPMorgan & Citigroup Allegedly Processed $5 Billion in Russian Transactions to Bypass Sanctions $USDC {spot}(USDCUSDT) According to a recent Wall Street Journal report, Russia allegedly moved $5 billion through JPMorgan Chase and Citigroup in a strategic attempt to evade U.S. sanctions. The transactions, believed to have been processed through a state-controlled bank, were reportedly disguised as funding for a nuclear energy project in Turkey. The Alleged Transfer Mechanism Investigations by the U.S. Department of Justice (DOJ) suggest that Russia utilized unsanctioned entities, including Gazprombank—a state-owned financial institution that enables European nations to import fuel from Russia. The bank allegedly funneled $3 billion through Citibank and $2 billion through JPMorgan, aiming to establish an offshore dollar fund at Turkey’s state-owned Ziraat Bank. The substantial payments raised red flags at the DOJ, leading to the blocking and freezing of the $2 billion transfer via JPMorgan. In response, the DOJ filed a civil forfeiture case last year to seize the frozen assets. However, reports suggest the White House intervened, urging the DOJ to hold back, considering the geopolitical significance of Turkey’s role in the Middle East and its relations with the U.S. Implications & Legal Standpoint Despite the controversy, the DOJ has clarified that JPMorgan and Citigroup are not under investigation for any wrongdoing in processing these transactions. Instead, the case highlights the challenges in enforcing international financial sanctions and the complexity of global banking networks when handling high-value transfers involving state-controlled entities. The situation underscores the evolving dynamics of sanctions enforcement, geopolitical tensions, and the role of major financial institutions in international transactions. 📢 Stay updated for more breaking financial news! 🚀 #Sanctions #JPMorgan #Citigroup #Crypto #Banking
🚨 JPMorgan & Citigroup Allegedly Processed $5 Billion in
Russian Transactions to Bypass Sanctions
$USDC

According to a recent Wall Street Journal report, Russia allegedly moved $5 billion through JPMorgan Chase and Citigroup in a strategic attempt to evade U.S. sanctions. The transactions, believed to have been processed through a state-controlled bank, were reportedly disguised as funding for a nuclear energy project in Turkey.
The Alleged Transfer Mechanism
Investigations by the U.S. Department of Justice (DOJ) suggest that Russia utilized unsanctioned entities, including Gazprombank—a state-owned financial institution that enables European nations to import fuel from Russia. The bank allegedly funneled $3 billion through Citibank and $2 billion through JPMorgan, aiming to establish an offshore dollar fund at Turkey’s state-owned Ziraat Bank.
The substantial payments raised red flags at the DOJ, leading to the blocking and freezing of the $2 billion transfer via JPMorgan. In response, the DOJ filed a civil forfeiture case last year to seize the frozen assets. However, reports suggest the White House intervened, urging the DOJ to hold back, considering the geopolitical significance of Turkey’s role in the Middle East and its relations with the U.S.
Implications & Legal Standpoint
Despite the controversy, the DOJ has clarified that JPMorgan and Citigroup are not under investigation for any wrongdoing in processing these transactions. Instead, the case highlights the challenges in enforcing international financial sanctions and the complexity of global banking networks when handling high-value transfers involving state-controlled entities.
The situation underscores the evolving dynamics of sanctions enforcement, geopolitical tensions, and the role of major financial institutions in international transactions.
📢 Stay updated for more breaking financial news! 🚀 #Sanctions #JPMorgan #Citigroup #Crypto #Banking
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⚡️The cryptocurrency exchange #Gemini confidentially submitted an application for #IPO — the company collaborates with the largest investment banks #GoldmanSachs and #Citigroup . $SOL $BNB $XRP
⚡️The cryptocurrency exchange #Gemini confidentially submitted an application for #IPO — the company collaborates with the largest investment banks #GoldmanSachs and #Citigroup .
$SOL $BNB $XRP
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