A7A5 Stablecoin / Old Vector
Summary
A7A5 is a Russian ruble-backed stablecoin issued by Old Vector LLC, a Kyrgyzstan-registered company incorporated in December 2024, operating on the Ethereum and TRON blockchains. It was created by A7 LLC, a Moscow-based cross-border payment firm 51%-owned by sanctioned Moldovan oligarch Ilan Shor and 49%-owned by Promsvyazbank, a sanctioned Russian state-owned bank. By mid-2026, A7A5 had processed over $110 billion in cumulative on-chain transactions, making it the subject of sanctions designations by the United States, European Union, United Kingdom, Canada, Switzerland, Ukraine, and other jurisdictions for its role in enabling Russian sanctions evasion and providing a settlement layer for entities seeking to bypass Western financial restrictions.
Connected Entities
2 entities · 10 linked investigations- TNDjh6WGLYyWmkh8vfu42bXVHUqFNQ3rDq→mentioned with→A7A5 Stablecoin / Old Vector(50%)
- + 6 more
Timeline(15 events)
2022-04-05
OFAC first designates Garantex for processing over $100 million in illicit transactions linked to ransomware actors and darknet markets.
U.S. Department of the Treasury2022-10-26
OFAC designates Ilan Shor as a Specially Designated National for undermining Moldovan democratic institutions and elections on behalf of Russia.
U.S. Department of the Treasury2024-12-13
Old Vector LLC is incorporated in Bishkek, Kyrgyzstan, with registration number 311479-3301-OOO.
OpenSanctions / OFAC SDN records2025-01-01
A7A5 stablecoin launches on Ethereum and TRON blockchains, issued by Old Vector LLC and created by A7 LLC. Garantex wallets begin moving funds into A7A5 in January 2025, weeks before the March 2025 enforcement action.
TRM Labs / Elliptic2025-03-06
U.S. Secret Service, FBI, and European law enforcement seize Garantex's web domains (garantex.org, garantex.io, garantex.academy) and freeze over $26 million in cryptocurrency. Grinex LLC is promoted as a successor platform.
U.S. Secret Service / TechCrunch2025-03-07
DOJ unseals indictments against Garantex co-owners Aleksandr Mira Serda and Aleksej Besciokov.
U.S. Department of Justice / Axios2025-05-26
UK designates A7, Old Vector, and related entities as part of a 18-target sanctions package targeting Russian crypto sanctions evasion.
CoinGeek / Elliptic2025-08-14
OFAC designates Old Vector LLC, A7 LLC, A71 LLC, A7 Agent LLC, Grinex LLC, Sergey Mendeleev, Aleksandr Mira Serda, Pavel Karavatsky, InDeFi Bank, and Exved under E.O. 13694. Garantex re-designated under cyber authorities.
U.S. Department of the Treasury2025-09-01
Vladimir Putin attends the opening of an A7 branch in Vladivostok at the Eastern Economic Forum, where Ilan Shor publicly presented the A7 platform.
Radio Free Europe/Radio Liberty2025-10-23
EU adopts its 19th Russia sanctions package, formally designating A7A5, its developer, Old Vector, and Grinex. Transactions with A7A5 prohibited across EU from November 25, 2025.
Council of the European Union2025-11-01
Uniswap blocklists A7A5. DEX liquidity provision drops from approximately $150 million daily to $0.5 million weekly.
Elliptic2026-03-01
Alexander Browder (17, son of Bill Browder) publishes a Henry Jackson Society report 'Confronting the Illicit-Finance Hydra in Crypto Markets' exposing A7A5 and alleging approximately $350 billion laundered by Russia and other states through crypto.
CoinDesk / Euronews2026-05-01
CertiK reports A7A5 has processed over $110 billion in cumulative on-chain transactions and accounts for approximately 43% of the global non-US dollar stablecoin market. Holder count reaches 29,000 wallets.
CertiK / CoinTelegraph2026-06-03
Russia's Foreign Ministry adds Alexander Browder to its sanctions list in apparent retaliation for his report exposing A7A5.
CoinDesk / Euronews / The Moscow TimesDecision Log
- hash: F2dafAeSh6p7eDYcbcYpzUMahinozy531Yfmk2z6dEvY
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-code-investigator
generated: 6/29/2026, 11:15:02 PM
last updated: 6/29/2026, 11:15:17 PM
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