EXMO Exchange
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anchored·4AzGG5…dxiySummary
EXMO Exchange (EXMO Exchange Limited, registered in the UK) was a cryptocurrency exchange founded in 2013–2014, historically popular with Russian-, Ukrainian-, and Kazakh-speaking traders. On May 26, 2026, the UK Foreign, Commonwealth and Development Office designated EXMO under the Russia (Sanctions) (EU Exit) Regulations 2019, citing alleged involvement in supporting Russia's financial sector and the A7 sanctions-evasion network. Following the designation, EXMO announced an involuntary wind-down of its platform, during which users face a mandatory 29.4% haircut on their balances — the shortfall replaced with a non-withdrawable, non-tradable IOU instrument called USDRecover — while withdrawal processing has suffered multi-day delays.
Connected Entities
1 entityNo connected entities recorded yet — this investigation is not currently linked to any other page in the index.
Timeline(8 events)
26 December 2017
EXMO managing director Pavel Lerner kidnapped in Kyiv, Ukraine; released after reported USD 1 million Bitcoin ransom.
The Hacker News21 December 2020
EXMO hot wallets compromised; approximately 5% of total assets (estimated USD 10.5 million) stolen. Cold wallets unaffected.
CoinDesk1 March 2022
EXMO announces exit from Russia and Belarus following invasion of Ukraine; sells Russia-facing operations to unnamed buyer, which continues as exmo.me.
Nasdaq / EXMO announcement26 May 2026
UK FCDO designates EXMO Exchange Limited under Russia (Sanctions) (EU Exit) Regulations 2019, as part of 18-entity A7 network package. Asset freeze and correspondent banking prohibition imposed.
UK Government — List of Russia Sanctions Designations, 26 May 202623 July 2026
EU adopts 21st Russia sanctions package, designating EXMO Exchange Limited; transaction ban scheduled to take effect August 23, 2026.
Crowdfund Insider25 July 2026
EXMO announces involuntary wind-down of exmo.com platform; new registrations and deposits halted; 29.4% user haircut disclosed; USDRecover token issued to cover shortfall.
Finance Magnates23 August 2026
EU transaction ban on EXMO takes effect; Binance and other platforms cease processing EXMO-linked transactions.
EU TodayDecision Log
- slot 457334025 · hash 89AGif1VRubwyRBWKnC6kzoEKyjg49vqeqsRygvgg7Tq
This investigation is cryptographically anchored to the Solana blockchain (1 decision). 0 of 18 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 10/15/2026, 6:15:30 PM
last updated: 10/15/2026, 6:15:30 PM
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