Report: 5 Crypto Exchanges Help Russia Dodge Western Sanctions
TLDR: Elliptic links five crypto exchanges to structured routes used for Russian sanctions evasion through P2P and broker networks. Wallet sharing between Russian and non-Russian platforms allows sanctioned funds to mix with compliant trading activity. Cash-to-crypto services now support cross-border trade payments and access to restricted foreign digital services. Blockchain data shows direct financial exposure between these exchanges and multiple sanctioned entities. Russia-linked crypto services continue to create pathways around international sanctions, according to new blockchain intelligence findings. Several exchanges still provide transaction routes that bypass traditional banking oversight through cryptoasset conversions. These platforms allow ruble-based funds to move across borders with limited visibility. The activity persists despite increasing regulatory scrutiny on Russia-focused crypto trading . Five Crypto Exchanges Help Russia Evade Sanctions via Trading Ne...