On October 8, 2026 the U.K. imposed sanctions on Cryptomus (formerly Certa Payments and Xeltox Enterprises, now operating as Heleket) and on related virtual payment platforms VEXPAY, TOKENSPOT and TSUNAMI PAYMENTS SERVICE, freezing any assets at U.K. banks and prohibiting British firms from doing business with them. Regulators cited extensive evidence that Cryptomus processed payments that benefit the Russian government and its financial institutions and that the platform is a major conduit for ransomware, darknet markets, narcotics, fraud and other cybercrime. Chainalysis reported that Cryptomus and Heleket received more illicit funds across tracked categories than cryptocurrency mixers and handled over 900 illicit counterparties in a single month in late 2025; TRM Labs found the platform processed more than $7 billion since 2022, including transactions tied to child sexual abuse material, terrorist financing and human trafficking.
Investigators mapped a pattern of evasive tactics: repeated corporate name changes, a CAD $176 million Canadian fine that was appealed, a parallel no‑KYC service launched after compliance changes cut volume, and use of a shared Vancouver mailing address with dozens of shell firms. The operation relied on a bogus licensing regime run through a phony “Central Reserve Authority of the Western Sahara” to lend regulatory cover. Blockchain analyst Richard Sanders argues sanctions, unlike fines, can effectively shut the operation, and notes this is the first known instance of a Five Eyes country sanctioning a crypto processor incorporated in another Five Eyes jurisdiction.
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