Tag: Stanislav Drugalev

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

Central Bank of Russia tamir - September 8, 2024

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.

Revealed: The Interesting Connections of Sanctioned Russian Crypto Exchange Garantex!

Crypto Schemes Ben - March 13, 2024

An investigation by Eesti Ekspress and the ICIJ has uncovered troubling connections between Garantex, a Moscow-based crypto exchange, and various criminal and government entities, raising significant concerns about the potential misuse of the crypto sector by sanctioned and illicit actors. The investigation reveals the company's links to a convicted gang leader and the Kremlin-controlled oil firm Rosneft, signaling deep entanglements with the Russian government and criminal networks.

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