The report reveals that ABCeX has processed over $11 billion in transactions, frequently coordinating with the sanctioned entity Garantex from offices in Moscow’s Federation Tower. Furthermore, while Exmo publicly claimed to exit the Russian market, on-chain data confirms that Exmo.com and Exmo.me continue to share the same custodial wallet infrastructure, co-mingling $19.5 million in direct transactions with sanctioned groups.
🧭 FAQs• Which of the profiled exchanges is currently under U.S. sanctions? Bitpapa is the only exchange in the group currently designated by the OFAC for evasion support.
• What evidence suggests Exmo remains operationally active in Russia? Onchain analysis shows Exmo.com and Exmo.me share identical custodial wallets and hot wallet addresses.
