Elliptic: Five cryptocurrency exchanges including ABCeX are helping Russia evade sanctions.

Techub News reported, according to The Block, blockchain analytics firm Elliptic released a report stating that five cryptocurrency exchanges linked to Russia have been found to continue facilitating Russia's sanctions evasion, including Bitpapa, Rapira, ABCeX, Exmo, and Aifory Pro. Among them, only Bitpapa is under sanctions.

ABCeX processed at least $11 billion worth of cryptocurrency from its office in the Federation Tower in Moscow, a building that previously housed the sanctioned exchange Garantex; Exmo claimed to have exited the Russian market after the Ukraine war in 2022, but on-chain data shows its platforms for Western and Russian users share the same wallet infrastructure; Rapira, registered in Georgia with an office in Moscow, has directly traded over $72 million with the sanctioned exchange Grinex; Aifory Pro, offering cash-to-cryptocurrency services in Moscow, Dubai, and Turkey, has sent nearly $2 million in cryptocurrency to the Iranian exchange Abantether.