Background

Cryptomus is a Russia-linked cryptocurrency payment processor and exchange incorporated in Canada under Xeltox Enterprises Ltd. Since its founding in 2022, the platform has enabled businesses to accept cryptocurrency payments while also offering personal wallet services, staking, an earn program, and peer-to-peer trading. Cryptomus has processed USD 7 billion in total transactions, with monthly on-chain volumes reaching approximately USD 153 million in January 2025.

Between 2022 and 2025, Cryptomus processed transactions associated with a broad range of illicit actors, including child sexual abuse material (CSAM) vendors, terrorist financing networks, human trafficking operations, and sanctions evasion networks. TRM identified…