#heleket News & Analysis

Cryptomus Likely Launched Heleket to Evade FINTRAC’s Record CAD 177M Penalty, TRM Analysis Finds

TRM Labs analysis reveals that Cryptomus likely created Heleket as a successor platform to circumvent FINTRAC's record CAD 177 million penalty, with both services sharing identical operators and infrastructure. Heleket demonstrates illicit transaction ratios five times higher than typical payment providers, with both platforms historically relying on sanctioned Russian exchange Garantex for liquidity.