Bitpapa Exchange

avoid.net/bitpapa-exchange→6/100·85% conf.

[AI-DRAFTED · AWAITING VERIFICATION]

6/100

[CRITICAL]85% conf.[Provisional]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

Summary

Bitpapa (legally Bitpapa IC FZC LLC, also doing business as Baba House LLC and Papa Holding Ltd) is a UAE-registered peer-to-peer cryptocurrency exchange serving primarily Russian, Ukrainian, Belarusian, and other CIS-region users. It has been designated under sanctions programs in four separate jurisdictions — the United States (OFAC, March 2024), Ukraine (July 2025), the United Kingdom (May 2026), and the European Union (2026, effective August 2026) — each alleging that Bitpapa facilitated Russian sanctions evasion, including transactions with darknet markets and sanctioned banks and exchanges. The platform also independently lists the rouble-pegged A7A5 stablecoin, which researchers have linked to a sanctions-evasion network tied to a sanctioned political figure and a state-owned Russian bank.

Connected Entities

6 entities · 60 linked investigations

Organizations

□Bitpapa IC FZC LLC2 □Binance45

Exchanges

△Bitpapa Exchange△HTX (Huobi) Exchange25

Tokens

♦A7A5 Ruble Stablecoin / A7 Network2 ♦A7A5 Stablecoin / Old Vector0

Relationships

Bitpapa Exchange→mentioned with→HTX (Huobi) Exchange(60%)
HTX (Huobi) Exchange→mentioned with→Binance(65%)
A7A5 Ruble Stablecoin / A7 Network→mentioned with→A7A5 Stablecoin / Old Vector(80%)
A7A5 Ruble Stablecoin / A7 Network→mentioned with→Bitpapa IC FZC LLC(80%)
Bitpapa IC FZC LLC→mentioned with→A7A5 Stablecoin / Old Vector(80%)
HTX (Huobi) Exchange→mentioned with→A7A5 Ruble Stablecoin / A7 Network(80%)
A7A5 Stablecoin / Old Vector→mentioned with→HTX (Huobi) Exchange(60%)
Bitpapa Exchange→mentioned with→A7A5 Ruble Stablecoin / A7 Network(75%)
Bitpapa Exchange→mentioned with→Bitpapa IC FZC LLC(85%)
Bitpapa IC FZC LLC→mentioned with→A7A5 Ruble Stablecoin / A7 Network(75%)
+ 2 more

Also appears in

A7A5 Ruble Stablecoin / A7 Network·2 Levyathan·18 Jump Trading·42 StableMagnet·2 Nexera·32 SafePal·42 Playsomo·60 BearnFi·12 Gurhan Kiziloz·0 Siavash Kayvanpour·0+ 50 more

Connected Through

5 shared actors · 521 investigations

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Have evidence about Bitpapa Exchange?

Timeline(8 events)

29 April 2022

Bitpapa IC FZC LLC incorporated in the UAE (Ajman Media City Free Zone), the legal entity later subject to sanctions designations.

OpenSanctions entity profile

25 March 2024

U.S. OFAC designates Bitpapa IC FZC LLC under Executive Order 14024 for allegedly facilitating sanctions evasion via transactions with Hydra Market and Garantex.

U.S. Treasury press release

June 2025

Bitpapa reportedly begins listing the rouble-pegged A7A5 stablecoin, coinciding with a surge in the token's trading volume.

Chainalysis

July 2025

Ukraine's National Security and Defence Council designates Bitpapa under Ukrainian sanctions law.

OpenSanctions entity profile

26 May 2026

UK FCDO designates Bitpapa IC FZC LLC alongside 17 other entities and individuals, including HTX and EXMO, for allegedly supporting Russian sanctions evasion via the A7 network; imposes asset freeze, correspondent banking, internet services, and payment-processing restrictions.

GOV.UK sanctions designation list

July 2026

The Council of the European Union adopts its 21st sanctions package against Russia, including Bitpapa among the newly listed entities.

CryptoDaily / VASPnet reporting on EU 21st sanctions package

August 2026

Binance notifies users it will stop processing transactions involving Bitpapa and other EU-sanctioned crypto platforms.

Coinpaprika

August 2026

EU transaction ban on Bitpapa and other sanctioned platforms takes effect.

cryptoticker.io

Provenance & Audit Trail

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