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Russian authorities detained a 26-year-old Barnaul resident for allegedly transferring 24 million rubles ($310,000) in cryptocurrency to wallets used by Ukrainian armed forces. The man faces terrorism financing charges under Russian law, which classifies financial support for Ukraine's military as a

Russia's largest Bitcoin (BTC) mining firm entered bankruptcy proceedings after years of financial deterioration and mounting creditor claims. A regional court initiated insolvency supervision against Fox Group, which controls 98% of BitRiver, on Jan. 27. CEO Igor Runets was placed under house arres

Wallets linked to illicit cryptocurrency activity received an estimated $158 billion in incoming value during 2025, the highest level in five years and a sharp reversal from the previous year's $64.5 billion, according to a new report from blockchain intelligence firm TRM Labs. What Happened: Russia

Illicit cryptocurrency wallets received a record $158 billion in 2025, reversing three consecutive years of decline as Russia-linked stablecoin infrastructure dominated sanctions evasion activity, according to TRM Labs' 2026 Crypto Crime Report. The 145% increase from $64.5 billion in 2024 stemmed p

A7A5, a ruble-pegged stablecoin used to facilitate Russian cross-border trade, has processed more than $100 billion in total transactions within its first year of operation. Launched in January 2025, the digital asset serves as a "safe harbor" for Russian businesses to evade Western sanctions by bri