Elliptic flags Russia-linked crypto platforms’ ongoing sanctions evasion

The statement highlights concerns about the illicit activities of certain cryptocurrency platforms that are linked to Russia, specifically focusing on their ongoing efforts to evade sanctions imposed by various governments and international organizations. In the context of these sanctions, which are intended to restrict Russia's economic capabilities due to its actions in the geopolitical arena, these platforms are being scrutinized for their potential role in facilitating transactions that circumvent and undermine these financial restrictions. The implication is that such activities not only pose legal and ethical questions but also threaten the effectiveness of the sanctions regime overall. source: https://www.coindesk.com/business/2026/02/23/elliptic-flags-russia-linked-crypto-platforms-ongoing-sanctions-evasion