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Russia’s efforts to build alternative payment systems outside Western financial rails may be gaining traction through a new ruble-pegged crypto asset. Per a June 25 report by the Financial Times, a stablecoin with ties to Russia has quietly processed over…
Feature
Sanctioned crypto exchange Garantex might have lost $26 million in frozen Tether, but another $15 million in crypto is still moving, or at least quietly sitting. Weeks after the United States led a high-profile freeze of $26 million in Tether…
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Russia is trying to regulate its crypto mining sector, but according to authorities, most of it is still underground.
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Bitcoin
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Russian prosecutors have dismantled a massive illegal crypto mining farm operating on state-owned land without permits, disguised as an industrial plant. In Nazarovo, an industrial town in Krasnoyarsk Krai, Russia, prosecutors have shut down an illegal open-air crypto mining operation…
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Bitcoin
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A cybercriminal group known as Rare Werewolf is running a targeted phishing campaign against Russian and CIS-based companies, hijacking devices to mine crypto and steal sensitive data. Kaspersky’s research revealed that the APT group Rare Werewolf, also known as “Librarian…
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Monero
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Telegram’s reputation as a privacy-first messaging platform is under scrutiny following a new investigation by the Organized Crime and Corruption Reporting Project and Russian outlet Important Stories. The report reveals that the core infrastructure powering the app is managed by…
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Russia is taking small steps in advancing Bitcoin adoption, this time by enabling investments in IBIT fund.
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Bitcoin
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Russia’s biggest bank is reportedly getting ready to support crypto trading for elite investors under a new regulatory experiment. Russia‘s state-controlled lender Sberbank is getting ready to play a bigger role in the country’s crypto scene by acting as a…
News
Braden Karony, former CEO of SafeMoon, was found guilty of defrauding investors and using stolen funds to buy luxury homes and vehicles. A New York federal jury has found Braden John Karony, former CEO of SafeMoon, guilty on all counts…
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Russia is making a crucial step to prepare laws that would allow for the seizure of crypto assets.
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While global darknet crypto sales fell by double digits over the past year, Russia’s darknet market Kraken still saw a big jump in crypto trade, Chainalysis says. Global cryptocurrency sales on darknet markets dropped by 15% in 2024, though Russia‘s…
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The Zamoskvoretsky Court of Moscow initiated the arrest of a former Binance executive and co-founder of the Blum tap-to-earn app, Vladimir Smerkis, on fraud charges. According to Russian news site TASS, citing law enforcement agencies, the Zamoskvoretsky District Court granted…
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A group claiming to be from Prague has seemingly hijacked LockBit’s dark web panel and leaked sensitive data, including its internal systems and Bitcoin wallets. LockBit, one of the most notorious ransomware gangs, appears to have been hacked by someone…
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Bitcoin
News
Russia is preparing to launch a new cryptocurrency exchange designed specifically for highly qualified investors. Russia’s Ministry of Finance and the Central Bank are preparing to launch a cryptocurrency exchange targeting “super-qualified investors,” according to Finance Minister Anton Siluanov. The…
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Belarus and Russia are coordinating plans for digital currency integration as Minsk targets a full digital ruble rollout by late 2026. Belarus is getting ready to launch its central bank digital currency into full circulation by the second half of…
News
Russia should be eyeing its own fiat-backed stablecoins, a senior finance ministry official has said. According to a Reuters report on April 16, Russia should unveil its own stablecoins after recent events related to the popular U.S. dollar pegged stablecoin…
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