Five Exchanges Linked to Russia Sanctions Evasion

A new report published on February 21, 2026, by blockchain analytics firm Elliptic has identified five cryptocurrency exchanges allegedly facilitating sanctions evasion tied to Russian entities. According to the report, these platforms have formed a “shadow network” following the disruption of Garantex by international law enforcement in early 2025. source: https://www.ethnews.com/five-exchanges-linked-to-russia-sanctions-evasion/