The US has increased pressure on Russian crypto exchanges

The US Treasury Department has added Russian crypto platforms Garantex and its successor Grinex to the sanctions list, accusing them of money laundering and facilitating the circumvention of restrictions. The sanctions also targeted the heads of the exchanges, six related companies in Russia and Kyrgyzstan, as well as the InDeFi Bank and Exved services.

According to Global Ledger, more than $7.3 billion USDT passed through Grinex after Garantex was blocked. The list also includes the Kyrgyz company Old Vector, which issued the ruble stablecoin A7A5, associated with the Russian bank PSB and oligarch Ilan Shor.$LA