Blockchain analytics firm Elliptic has identified five cryptocurrency exchanges linked to Russia that are allegedly aiding in the evasion of international sanctions. While Bitpapa has already been sanctioned by the U.S. Treasury's Office of Foreign Assets Control (OFAC), other platforms such as ABCeX, Exmo, Rapira, and Aifory Pro continue to provide financial channels for Russian entities. The report highlights that ABCeX operates from Moscow's Federation Tower and has processed at least $11 billion in crypto transactions. Despite Exmo's claim of exiting the Russian market in 2022, blockchain data reveals shared custodial wallet infrastructure with Exmo me and approximately $19.5 million in direct transactions with sanctioned entities like Garantex, Grinex, and Chatex.