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U.K. Sanctions Cryptomus for RU Money Laundering
Matched: Australia, cryptocurrency
The U.K. sanctioned Cryptomus, a cryptocurrency platform accused of processing payments for ransomware, drug markets, cybercrime, and helping Russia evade financial restrictions. The sanctions freeze U.K.-held assets and bar British firms from doing business with it. Also targeted were VexPay, TokenSpot, and Tsunami Payments. Cryptomus, which has operated under multiple names including Certa Payments and now Heleket, processed over $7 billion since 2022. Analysts say sanctions are more effective than Canada's earlier $176 million fine, which proved unenforceable.