Russia-backed stablecoin A7A5 moved over $6B post-U.S. sanctions by destroying and reissuing tokens through new wallets, complicating traceability. The stablecoin is backed by rubles at Promsvyazbank and formally recognized in Russia.

Russia-backed stablecoin A7A5 moved over $6B post-U.S. sanctions by destroying and reissuing tokens through new wallets, complicating traceability. The stablecoin is backed by rubles at Promsvyazbank and formally recognized in Russia.

crypto.news •

Revision history

9 recorded changes

Want your article here?

Promote with Leviathan News

Explore the full feed

Up nextChaos Labs Walks Away From $5M Aave Risk Mandate Over V4 Architecture, Underfunded Risk Budget, And Fundamental Disagreement On How Risk Should Be Managed At DeFi’s Largest Lending Protocol.