Crypto coin for Russian shadow payments moves $9bn

Russia’s Secret Crypto Weapon: Ruble Stablecoin Moves $9.3B to Evade Sanctions

The A7A5 token, launched in February on Kyrgyzstan’s Grinex exchange, claims to be backed 1:1 by rubles deposited in Promsvyazbank—a Russian state-linked bank sanctioned by the US, UK, and EU for financing Moscow’s defense sector, according to an investigation by the Financial Times on June 25. The coin’s rapid rise—now with 12 billion tokens in circulation—is fueling concerns over its role in enabling sanctioned Russian entities to bypass restr…

Crypto coin for Russian shadow payments moves $9bn

The A7A5 token aims to facilitate financial flows disrupted after Ukraine war ...

Russia moves $9 billion via crypto assets / The New Voice of Ukraine

How Kyrgyzstan’s Stablecoin Is Helping Russia Evade Sanctions

A7A5, a ruble-backed stablecoin launched in Kyrgyzstan to help Russia facilitate cross-border payments and bypass international sanctions, has moved $9.3 billion in transactions in just four months. Furthermore, current estimates suggest that A7A5’s market cap is only $156 million. To reach these trade volumes in such a short window, the same few accounts would need to routinely circulate tokens amongst themselves. The Success of Kyrgyzstan’s A7…

Russian darknet marketplace launches memecoin on Solana

Russian darknet marketplace launches memecoin on Solana MoriCoin, the official memecoin of a Russian darknet drug market, launched today on Solana. The unconventional token launch was picked up by cybersecurity threat researcher Vladimir S., who goes by the handle @officer_cia on X. He said, “The onion-based drug market… appears to be operational based on numerous reviews.” Russian drug marketplace launches its token on @solana ! What? Yes!How …