A7A5 Stablecoin / Old Vector
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anchored·bgko2J…D4fQSummary
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
7 entities · 60 linked investigations- TNDjh6…3rDq→mentioned with→A7A5 Stablecoin / Old Vector(50%)
- A7A5 Stablecoin / Old Vector→mentioned with→Uniswap(65%)
- A7A5 Stablecoin / Old Vector→mentioned with→Grinex(70%)
- A7A5 Stablecoin / Old Vector→mentioned with→Tether(65%)
- A7A5 Stablecoin / Old Vector→mentioned with→Ethereum(70%)
- Uniswap→mentioned with→Ethereum(80%)
- Grinex→mentioned with→A7A5 Stablecoin / Old Vector(80%)
- A7A5 Stablecoin / Old Vector→mentioned with→HTX (Huobi) Exchange(60%)
- Grinex→mentioned with→Ethereum(60%)
Timeline(15 events)
5 April 2022
OFAC first designates Garantex for processing over $100 million in illicit transactions linked to ransomware actors and darknet markets.
U.S. Department of the Treasury26 October 2022
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 Treasury13 December 2024
Old Vector LLC is incorporated in Bishkek, Kyrgyzstan, with registration number 311479-3301-OOO.
OpenSanctions / OFAC SDN records2025
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 / Elliptic6 March 2025
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 / TechCrunch7 March 2025
DOJ unseals indictments against Garantex co-owners Aleksandr Mira Serda and Aleksej Besciokov.
U.S. Department of Justice / Axios26 May 2025
UK designates A7, Old Vector, and related entities as part of a 18-target sanctions package targeting Russian crypto sanctions evasion.
CoinGeek / Elliptic14 August 2025
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 TreasurySeptember 2025
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 Liberty23 October 2025
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 UnionNovember 2025
Uniswap blocklists A7A5. DEX liquidity provision drops from approximately $150 million daily to $0.5 million weekly.
EllipticMarch 2026
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 / EuronewsMay 2026
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 / CoinTelegraph3 June 2026
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 (1 event). 27 of 27 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 6/29/2026, 11:15:02 PM
last updated: 7/27/2026, 2:17:30 PM
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