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Tag: Sergey Mendeleev

Russia Sentences Hydra Marketplace Founder to Life in Prison!

Court Cases Ben -
The founder of Hydra, the notorious dark web drug marketplace, has been sentenced to life in prison by a Moscow court. Stanislav Moiseyev, along with 15 accomplices, faced charges of running a criminal drug enterprise. Their sentences include hefty fines and the confiscation of assets, marking a major crackdown on the dark web's illicit economy.

Compliance Report: Sergey Mendeleev, Garantex, and Exved – The Rising Role of Crypto in Russia’s Sanctions Evasion Strategy

Central Bank of Russia tamir -
Sergey Mendeleev, a prominent figure in Russia's cryptocurrency scene, has played a central role in the establishment and operation of two key platforms—Garantex and Exved. These platforms have been instrumental in facilitating cross-border payments and crypto transactions, potentially serving as important tools for Russia’s sanctions evasion strategy. Mendeleev's growing influence in this space, coupled with Russia's evolving regulatory framework, positions him as a key player in Russia.

Interesting: Garantex Founder Sergey Mendeleev Launched Crypto Payment Platform Exved!

Crypto Payments tamir -
Russian tech entrepreneur Sergey Mendeleev, known for his involvement in various crypto ventures, has embarked on a new project called Exved. Announced on December 7, 2023, Exved is a Russian firm set to facilitate exchanges between Tether (USDT), rubles, and the dollar, potentially impacting the landscape of digital currency exchanges. Mendeleev is also the co-founder of the sanctioned crypto exchange Garantex.

Sanctioned Russian Crypto Payment Processor Garantex Still In Business!

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Russian crypto payment processor Garantex lost its Estonian crypto license in March 2022 due to money laundering activities and was placed on the U.S. sanctions list last April. Customers still sign the user agreement with Estonian Garantex Europe OÜ (now Kihonzi Buzhaga OÜ), but the website now gives an address in Moscow City as its official headquarters. With the Russian oligarch Alexander Lebedev, Garantex founder Sergey Mendeleev established the Russian InDeFi SmartBank.

Sanctioned Crypto Payment Processor Garantex Continues To Grow While Founder Launches New Project!

Crypto Ben -
In March 2022, the Russian-controlled Estonian crypto payment processor Garantex Europe OÜ had to surrender its crypto license for money laundering issues. It allegedly processed more than €5 billion annually, primarily for merchants from Russia and other high-risk countries. The U.S. Department of Treasury sanctioned Garantex but they seem unimpressed. Their business seems to boom, and Garantex founder Sergey Mendeleev announced a new DeFi venture.

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