UK Sanctions 3 Crypto Firms as Chainalysis Traces $308M in Flows

TLDR: The UK sanctioned Cryptomus, Heleket, and TokenSpot over links to Russia’s wartime economy. Chainalysis linked Cryptomus and Heleket to more than 15,000 distinct illicit counterparties. TokenSpot, Grinex, and Meer sent funds toward an HTX deposit address receiving over $308 million. The sanctions also target Russian oil, military supply chains, financial institutions, and shadow fleet [...]

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