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Russia’s Cybercrime Skyrockets: 700,000 Attacks, $3 Billion Vanished
20.3.2025
More than a million Russians have fallen victim to cybercrime, resulting in an estimated $3 billion in damages. Cybercrime accounts for 35% of all crimes in Russia and is increasing by 30% annually, outpacing law enforcement efforts. Russia Faces Surge in Cybercrime, With Billions Lost to Fraud...
US Extradites Russia-Israel Citizen Linked to Lockbit Attacks
15.3.2025
A Lockbit ransomware developer has been extradited to the U.S., admitting to coding and consulting for the cybercriminal group, which paid him in cryptocurrency. Lockbit Ransomware Developer Extradited to US in Global Crackdown The U.S. Department of Justice (DOJ) announced on March 14 that...
Unnamed Insiders Allege Russia Taps Crypto Assets to Facilitate Oil Trade With China and India
14.3.2025
Based on whispers from unnamed insiders quoted by Reuters, Russia is reportedly turning to bitcoin, ether, and stablecoins as tools in its oil trade with China and India. These insiders, described as having “direct knowledge of the matter,” opted to stay in the shadows, citing...
Russia Turns to Crypto to Bypass Western Sanctions in Oil Trade: Reuters
14.3.2025
While fiat currencies remain the primary method, crypto is seen as a convenient and flexible tool for transactions
Russia using Bitcoin, USDt for oil trades with China and India: Report
14.3.2025
Russian companies have been using cryptocurrencies like Bitcoin and USDt to facilitate international trade with China and India, according to a Reuters report.Russian oil companies have been using crypto assets like Bitcoin (BTC) and Tether’s USDt (USDT) to accelerate international trades...
Russia Opens to Cryptocurrency: Central Bank Unveils Trading Sandbox Proposal
13.3.2025
The Bank of Russia introduced a proposal to allow highly qualified investors to purchase and sell crypto under an experimental framework lasting three years. Nonetheless, peer-to-peer transactions and payments would still be banned under this sandbox. Central Bank of Russia Opens up to Crypto With...
Bank of Russia Proposes Crypto Investment Pilot for High-Net-Worth Investors
12.3.2025
The central banks aims to establish standards for crypto-related services and increase market transparency while expanding investment opportunities for wealthy investors
Bank of Russia proposes to allow crypto purchases by select investors
12.3.2025
The Russian central bank is considering a three-year experimental regime to authorize select Russian investors to trade cryptocurrencies.On March 12, the Bank of Russia announced a proposal to allow a “limited circle of Russian investors” to buy and sell cryptocurrencies like Bitcoin...
Bank of Russia proposes to allow crypto purchases by select investors
12.3.2025
The Russian central bank is considering a three-year experimental regime to authorize select Russian investors to trade cryptocurrencies.On March 12, the Bank of Russia announced a proposal to allow a “limited circle of Russian investors” to buy and sell cryptocurrencies like Bitcoin...
Bank of Russia proposes to allow crypto purchases by select investors
12.3.2025
The Russian central bank is considering a three-year experimental regime to authorize select Russian investors to trade cryptocurrencies.On March 12, the Bank of Russia announced a proposal to allow a “limited circle of Russian investors” to buy and sell cryptocurrencies like Bitcoin...
Bank of Russia proposes to allow crypto purchases for select investors
12.3.2025
The Russian central bank is considering a new experimental regime to legally authorize select Russian investors to trade cryptocurrencies.On March 12, the Bank of Russia announced a proposal to allow a “limited circle of Russian investors” to buy and sell cryptocurrencies like Bitcoin...
Ukraine Ceasefire Breakthrough Sends Markets Into Green; Bitcoin Retakes $83K
11.3.2025
Also giving a boost was an easing in trade tensions between the U.S. and Canada
Russia’s Hacker Group ‘Dark Storm’ Behind DDoS Attack on Elon Musk’s X
11.3.2025
A huge cyberattack targeting Elon Musk’s X on March 10 has been attributed to the hacker group Dark…
Russia Says No to Bitcoin in Wealth Fund—But Top Official Signals Potential Future Shift
8.3.2025
Russia is keeping cryptocurrency out of its National Wealth Fund, citing volatility and liquidity concerns, but future economic shifts could open the door to digital assets. Russia Keeps Bitcoin Out for Now—Will Economic Shifts Make Crypto Reserves Inevitable? As the U.S. explores the idea...
Elliptic Uncloaks $60B in Illicit Garantex Transactions, Aiding US Takedown
7.3.2025
The U.S. Secret Service, supported by blockchain analytics firm Elliptic, dismantled sanctioned Russian cryptocurrency exchange Garantex and froze $26 million in cryptoassets, authorities announced Friday. U.S. Secret Service, With Elliptic’s Aid, Dismantles Sanctioned Russian Crypto...
Russia Begins Piloting Digital Gold System for International Settlements
7.3.2025
The program, currently in its pilot stages, is part of a test to examine the feasibility of using gold assets for finalizing international exchanges involving Russia. Capital Lab partner Evgeny Shatov stated that digital gold assets can help the nation bypass sanctions and reduce its dependence...
Russia Explores Creating Regulated Crypto Market for Super Qualified Investors
7.3.2025
Russia is pushing forward with a regulated cryptocurrency market, limiting access to “super-qualified” investors under a strict legal framework to ensure financial stability and security. Russia’s Crypto Overhaul: Strict New Market May Change Everything The Russian Finance Ministry...
Garantex Website Replaced by Feds’ Seizure Notice in Coordinated Cyber Operation
6.3.2025
The U.S. Secret Service, collaborating with global law enforcement partners, confiscated the website of Garantex, a Russian cryptocurrency platform accused of enabling illegal financial activities. Previously sanctioned by the U.S. and EU for its alleged role in laundering funds, the exchange...
Russian Exchange Garantex Halts Services as Tether Freezes $28M in USDT Tokens
6.3.2025
Tether, the largest stablecoin issuer, has immobilized roughly $28 million in USDT tokens on Garantex, a cryptocurrency platform based in Russia. This measure corresponds with the European Union’s sanctions against Garantex, which allege ties to Russian governmental entities and illicit...
Tether Freezes $28M USDT on Russian Crypto Exchange Garantex
6.3.2025
"Tether has entered the war against the Russian crypto market and blocked our wallets worth over 2.5 billion rubles," Garantex said