The UK has sanctioned three crypto-related entities — Cryptomus, Heleket and TokenSpot — as part of its latest action targeting Russia-linked actors suspected of helping evade sanctions, according to a report by The Block. TRM Labs said TokenSpot moved more than $950 million to sanctioned exchanges Grinex and Garantex, as well as the Kremlin-backed A7 network. The move places the three entities under fresh UK restrictions in a case tied to alleged sanctions evasion. The report identifies TokenSpot as the entity linked to the largest volume of transfers, based on TRM Labs' findings.
The UK has sanctioned Cryptomus, Heleket and TokenSpot in its latest action against Russia-linked entities suspected of sanctions evasion, according to The Block.
TRM Labs said TokenSpot transferred more than $950 million to sanctioned exchanges Grinex and Garantex, along with the Kremlin-backed A7 network.
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