🚨 U.S. Sanctions Russian Crypto Network!
On August 14, 2025, the U.S. Treasury’s OFAC imposed sanctions on companies and individuals linked to the Russian ruble-backed stablecoin A7A5 and the previously shuttered exchange Garantex.
🔹 💣 Garantex: $100M+ in illicit transactions (ransomware, darknet)
🔹 ⛔ March 2025: Website seized & $26M frozen
🔹 💱 A7A5: Over $1B in daily transactions, mainly via Grinex exchange
🔹 ⚠️ Allegation: Used to evade international sanctions
💡 Analysts say this could be one of the biggest moves against Russia’s crypto-based transactions.
📰 Source: CoinDesk
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