Blockchain analytics company Elliptic released a report stating that five Russia-linked crypto exchanges are helping to evade international sanctions, with most yet to be added to sanction lists. Apart from Bitpapa, which has already been sanctioned by the U.S. Treasury's Office of Foreign Assets Control (OFAC), platforms like ABCeX, Exmo, Rapira, and Aifory Pro are still providing financial channels for Russia. The report mentions that ABCeX operates out of Moscow's Federation Tower and has processed at least $11 billion in crypto transactions. Although Exmo claimed to have exited the Russian market in 2022, on-chain data shows it shares custodial wallet infrastructure with Exmo me and has conducted direct transactions worth approximately $19.5 million with sanctioned entities like Garantex, Grinex, and Chatex. (The Block) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=57034