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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

Russian lawmakers propose fines up to 10M rubles ($129,000) for illegal crypto mining amid claims of $100M annual tax losses. Russian lawmakers introduced a bill on January 19 establishing administrative fines for illegal cryptocurrency mining, with penalties reaching up to $130,000 for repeat corpo

President Donald Trump has escalated his long-running interest in Greenland by arguing that the United States must own the territory to prevent China or Russia from gaining a strategic foothold in the Arctic, remarks that have triggered stark warnings from lawmakers about the risk of a direct confro