GoKawiilUK sanctions crypto platform Cryptomus over Russia-linked money laundering
On October 8 the United Kingdom imposed economic sanctions on Cryptomus, a cryptocurrency payment processor previously known as Certa Payments and Xeltox Enterprises, accusing it of processing payments benefiting the Russian government and its banks. The sanctions freeze Cryptomus assets held at UK banks and prohibit British firms from doing business with it, and also hit related services VexPay, TokenSpot and Tsunami Payments.
GoKawiil's interpretation of the reporting above, not reported fact.
Chainalysis says Cryptomus and its rebranded successor Heleket have become major hubs for illicit crypto flows, receiving more flagged funds than known mixing services and linking to over 900 illicit counterparties in a single month last year. TRM Labs has separately estimated the platform processed over $7 billion since 2022, including funds tied to child exploitation material, terrorism financing and human trafficking, suggesting the sanctions target a broader financial artery sustaining both cybercrime and Russia's sanctioned economy.
- UK sanctioned Cryptomus (formerly Certa Payments/Xeltox Enterprises) on October 8 for aiding Russian financial circumvention
- Related platforms VexPay, TokenSpot and Tsunami Payments were also sanctioned
- Chainalysis and TRM Labs data link the platform to billions in transactions tied to ransomware, trafficking and other crimes
Source: krebsonsecurity.com, 2026-10-14
Published there as: “U.K. Sanctions Cryptomus for RU Money Laundering”
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