The UK has sanctioned Cryptomus, Heleket, and TokenSpot, accusing them of allegedly assisting Russia in evading financial sanctions.

UK Announces New Round of Russia Sanctions, Targeting Crypto Platforms Over Sanctions Evasion The UK has unveiled a new round of sanctions on Russia, with 38 designations targeting three cryptocurrency trading platforms, two payment platforms, one associated individual, and a Moscow-based bank, on suspicion of helping Russia evade financial sanctions. Cryptomus and Heleket are listed as aliases of the same entity, Xeltox Enterprises Ltd (also known as Certa Payments Ltd, registered in Canada); TokenSpot CJSC is registered in Kyrgyzstan. The same sanction batch also includes Kyrgyz payment platform Tsunami Payments LLC. On-chain analytics firm TRM Labs said TokenSpot has transferred over $950 million total to sanctioned platforms Grinex, Garantex, and the Kremlin-backed A7 network. TRM assessed in April that Cryptomus and Heleket have operational links, adding Heleket is likely a parallel service launched by Cryptomus to continue processing large-scale funds. On October 6, TRM further determined TokenSpot shares wallet infrastructure with Grinex, operating under the same activity set. TRM’s April data also shows that in on-chain transactions between Cryptomus and Garantex, Cryptomus received over $204 million and sent out $101 million.