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Morning Edition · Friday, August 7, 2026Published at 10:25 AM EDT · New York
Russia's FSB Arrests More Than 20 in Raids on Unlicensed Moscow Crypto Exchanges Tied to Ukraine
Officials say the gray-market exchanges laundered funds stolen by phone-fraud call centers based in Ukraine, with one detained operator claiming up to $2 million moved through a single office in one day.
Russia's Federal Security Service (FSB), working with the country's Interior Ministry, raided nine unlicensed crypto exchange offices in Moscow's Moscow City financial district and arrested more than 20 people, accusing the operations of la…
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States Turn Crypto Rails Into Sanctions Instruments
Governments increasingly track, freeze, and seize on-chain assets to enforce sanctions, turning traceable ledgers and centrally controlled stablecoins into extensions of financial statecraft rather than escapes from it.
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