UK Sanctions Crypto Platforms Suspected of Aiding Russian Financial Networks
Key Highlights: The UK government has sanctioned Canada-registered Xeltox Enterprises Ltd alongside platforms Cryptomus and Heleket for supporting Russia’s financial services sector. Blockchain intelligence firm TRM Labs identified deep operational ties, shared infrastructure, and hundreds of millions of dollars in transfers involving sanctioned entities such as Garantex. Additional sanctions targeted TokenSpot—identified as a front company ...