NFT company Dapper Labs has frozen funds in wallets linked to Russia due to new EU sanctions.
The company had to freeze funds from customers with connections to Russia, regardless of the amount, according to a leaked email.
Dapper Labs Complies with EU Regulations
The EU recently banned crypto payments from Russian accounts as part of a wider sanctions package.
The Twitter account @Crypto_Braniac, which is stated to be based in Moscow, also tagged the NFT company and sent a copy of the Dapper Labs letter to Twitter.
The Block received a copy of the letter from another user who previously resided in Russia.
Canadian-based NFT company Dapper Labs has not commented on the matter.
The letter sent by the company apologized for the “inconvenience” and emphasized that customers can see their NFTs but cannot sell or transfer them to other wallets. The letter once again refers to the EU’s recent financial sanctions against Russia.
The new sanctions imposed by the EU also removed the 10,000 euro crypto limit, resulting in a complete disconnection from crypto with the country.
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