UK sanctions three crypto service providers; TokenSpot linked to $950 million in fund transfers. Gold News reports that on October 8, the UK imposed sanctions on Cryptomus, Heleket, and TokenSpot as part of its latest crackdown on Russian-linked entities suspected of evading sanctions. According to TRM Labs, TokenSpot transferred over $950 million to the sanctioned exchanges Grinex and Garantex, as well as the Kremlin-backed A7 network.
UK Sanctions Three Crypto Services, TokenSpot Linked to $950 Million in Funds
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Summary
On-chain news broke on October 8, 2026, after the UK sanctioned three crypto services—Cryptomus, Heleket, and TokenSpot—for allegedly circumventing sanctions on Russia. TRM Labs reported that TokenSpot transferred over $950 million to sanctioned exchanges Grinex and Garantex, as well as the A7 network. This action follows a recent upgrade to monitoring tools designed to track illicit fund flows.
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