Garantex Defies Sanctions: How This Crypto Exchange Continues Global Operations Against All Odds

While traditional finance scrambles to contain digital assets, Garantex executes a masterclass in regulatory evasion. The sanctioned exchange keeps moving billions globally—proving once again that crypto flows where traditional banking can't follow.

The Sanction-Dodging Playbook

Garantex bypasses geographical restrictions through decentralized infrastructure that makes IP blocking practically useless. The platform operates across multiple jurisdictions simultaneously, leveraging crypto's borderless nature against sanction-enforcement mechanisms.

Global Reach, Zero Compliance

Transaction volumes continue climbing despite public blacklisting. The exchange maintains liquidity through shadow pools and atomic swaps that leave regulatory bodies playing whack-a-mole across international borders.

Traditional finance's response? Another committee meeting scheduled for Q2 2026—because nothing solves technological disruption like bureaucratic delay tactics.

Garantex successors use Telegram to evade sanctions

Researchers, posing as a Hong Kong electronics exporter, discovered Exved’s signup process on Telegram. Exved’s Russian agent, Paysol LLC, works with Feilian, a Hong Kong company run by Sergey Antipov, to facilitate these transfers.

A Paysol compliance officer admitted they use tailored documentation to avoid sanctions checks, often to help import restricted goods into Russia.

Blockchain analysis showed that a cryptocurrency wallet provided by Paysol was linked to a sanctioned Garantex wallet and processed over $112 million in transactions. Leaked Garantex documents from 2021 to 2024 revealed MKAN Coin, a Telegram-based service that helps Russians convert crypto to cash for moving money overseas. 

Operating in countries like Kyrgyzstan and Spain, MKAN Coin, run by a former Garantex CEO, uses similar tactics to Garantex, creating a global network to bypass sanctions and avoid detection. 

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