TRM Labs

Stories

UK sanctions crypto firms Cryptomus, Heleket, and TokenSpot

Provided research on the designated networks

The UK froze three crypto businesses out of its financial system on October 8, adding payment processors Cryptomus and Heleket and Kyrgyzstani exchange TokenSpot to its Russia sanctions list. Cryptomus and Heleket sit under one designation, Xeltox Enterprises Ltd, so switching between the two brands does not escape the freeze. UK persons and firms must now freeze any assets tied to these entities and stop dealing with them immediately.

Updated Oct 12

TRM Labs doubles valuation to $2 billion in expanded Series C

Money Moves

Subject of the story; valued at $2 billion after Series C expansion

TRM Labs, a San Francisco company that traces illicit cryptocurrency, expanded its Series C round on September 9 at a $2 billion valuation, twice its February level. Blockchain Capital, which led a $70 million tranche in February, led this expansion too.

Updated Sep 10