Elliptic: A Shadow Network of Crypto Exchanges Processed $10–11bn to Help Russia Evade Sanctions

Blockchain analytics firm Elliptic published findings alleging that a coordinated cluster of crypto exchanges processed roughly $10 billion to $11 billion in transactions that helped Russia bypass international sanctions. Elliptic’s central takeaway is that sanctions evasion can be engineered through everyday product features, not just through sophisticated laundering tactics. The report matters for traders, treasuries, […]