Tag: russian sanctions evasion

Grinex Shutdown Won't Curb Russian Sanctions Evasion

The shutdown of Grinex, a Kyrgyzstan-registered cryptocurrency exchange, highlights the cat-and-mouse game of sanctions evasion, where experts warn that the ecosystem's fragmentation will only make it harder to track illicit activity. As Kaitlin Martin, a senior intelligence analyst at Chainalysis, notes, a fractured ecosystem makes it increasingly difficult to target evasive maneuvers.