UK sanctions2026-10-08 15:45:15UK sanctions Cryptomus, Heleket and TokenSpot, with TokenSpot tied to over $950 million in transfersThe 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.10
UK sanctions2026-10-08 14:56:56UK sanctions Cryptomus, Heleket and TokenSpot over transfers tied to Russian sanctions evasionThe UK has sanctioned three crypto service providers — Cryptomus, Heleket and TokenSpot — as part of an action targeting Russian-linked entities suspected of evading sanctions. According to the information cited in the report, TokenSpot moved more than $950 million to sanctioned exchange Grinex, sanctioned exchange Garantex, and the Kremlin-backed A7 network. The measure places the three firms under UK sanctions in connection with that broader enforcement effort. The report did not provide additional details on the timing of the transfers or any further penalties beyond the sanctions designation itself.10
UK sanctions2026-10-08 14:58:45UK sanctions Cryptomus, Heleket and TokenSpot over alleged Russia sanctions evasionThe UK has announced a new round of Russia-related sanctions, adding 38 designations that include three crypto trading platforms, two payment platforms, one associated individual and a Moscow bank. The measures were described as targeting entities allegedly involved in helping Russia bypass financial restrictions. Among the crypto names listed were Cryptomus, Heleket and TokenSpot. The UK identified Cryptomus and Heleket as alternate names of the same entity, Xeltox Enterprises Ltd, also known as Certa Payments Ltd, which is registered in Canada. TokenSpot CJSC was identified as being registered in Kyrgyzstan. The same sanctions package also named Kyrgyz payment platform Tsunami Payments LLC. Blockchain analytics firm TRM Labs said TokenSpot had transferred more than $950 million to the already sanctioned exchanges Grinex and Garantex, as well as the Kremlin-backed A7 network. TRM also said it assessed in April that Cryptomus and Heleket had operational links, and that Heleket was likely launched as a parallel service for Cryptomus to keep processing funds at scale. In a separate assessment dated Oct. 6, TRM said TokenSpot and Grinex shared wallet infrastructure and were part of the same operation. TRM’s April data also showed that Cryptomus received more than $204 million from on-chain interactions with Garantex and sent out $101 million.10
UK sanctions2026-10-09 12:04:07UK Sanctions Cryptomus-Linked Firm, TokenSpot and Other Platforms in New Russia PackageThe UK has imposed sanctions on three crypto exchanges and two payment platforms it suspects were used to help Russia get around financial restrictions, according to the Foreign, Commonwealth & Development Office. The newly designated targets include Xeltox Enterprises, which the UK linked to Cryptomus and activities tied to Heleket, as well as Kyrgyz firms TokenSpot and Tsunami Payments. Processing KG, the operator of payment service VexPay, was also sanctioned, along with its director Ulan Bukabaev. British authorities said two of the sanctioned targets processed and facilitated transactions with the A7 network, which the government described as a Kremlin-backed illicit finance network used to evade sanctions on Russia’s financial sector. The UK said A7 claimed to have moved more than $90 billion last year. In addition to asset freezes, four of the companies were hit with internet services sanctions that require platforms, internet providers and app stores to take reasonable steps to prevent UK users from accessing their sites and apps. The crypto-related actions form part of a broader 38-target sanctions package that also covers Russian oil firms, shadow fleet tankers, and entities tied to missile and drone supply chains.20
UK sanctions2026-10-09 10:19:54UK sanctions crypto-linked entities it says may have helped Russia evade restrictionsThe UK Foreign Office has announced a new round of Russia-related sanctions, saying certain crypto platforms may have been used to help Moscow bypass existing restrictions, according to CoinDesk. The sanctioned parties include Xeltox Enterprises, which operates Cryptomus, Heleket and Certa Payments, as well as Kyrgyz exchange TokenSpot and payment platforms Processing KG and Tsunami Payments. UK authorities also said two of the sanctioned entities had previously processed transactions tied to the A7A5 network. The move places several crypto and payments businesses under the latest British sanctions framework tied to Russia.20
