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In a defiant move, Ukraine strikes at crypto routes fueling Russia’s war machine. The war-torn European country has unleashed a dramatic wave of sanctions designed to choke off the digital pipelines that have been fueling Russia’s military campaign.

President Volodymyr Zelenskyy signed Decree No. 465/2025, effectively freezing the assets and banning operations of 60 crypto firms—55 based in Russia and five scattered across Cyprus, Kazakhstan and the UAE.

This sweeping action is meant to send a strong message: crypto won’t be a safe haven for money that bankrolls conflict.

Sanctions Span Exchange Miners And Issuers

According to the decree, five crypto exchanges are accused of moving funds for sanctioned Russian entities. Nineteen mining operations have been caught processing coins linked to sanctioned individuals.

Ukrainian President Zelensky has sanctioned 60 companies aiding Russia’s sanctions evasion via crypto, including 55 from Russia and others from Cyprus, Kazakhstan, and the UAE. The move targets mining, exchange, and payment firms as Ukraine seeks to block Russia’s growing use of…

— Wu Blockchain (@WuBlockchain) July 7, 2025

Seventeen platforms that issue digital assets already under US restrictions are now blocked in Ukraine. Another 19 companies—from makers of payment terminals to brokers arranging international transfers—face asset freezes and activity bans.

Ukraine didn’t stop at companies. The sanctions list also names 73 individuals, all Russian citizens, including high‑ranking central bank officials.

Based on reports from Ukraine’s National Security and Defense Council, these measures will be shared with allies like the EU and the US. That way, they can mirror the bans and tighten the grip on every channel Russia uses.

Coordination With Allies Aims To Close Loopholes

Vladyslav Vlasiuk, Ukraine’s commissioner for Sanctions Policy, said Kyiv will urge its partners to adopt matching rules. The goal is to close every loophole Russia uses to fund its military.

Zelenskyy revealed that one single firm moved “several billion dollars” since January to support Russia’s military‑industrial complex. That figure shows why digital channels have become critical for sanctioned players.

New Stablecoin Highlights Growing Risks

Based on reports by the Financial Times and the Centre for Information Resilience, Russia’s crypto use is on the rise. A new stablecoin called A7A5, pegged to the ruble, moved over $9 billion in just four months on the Grinex exchange.

More than 12 billion A7A5 tokens now float in circulation, backed by roughly $156 million in reserves held at the US‑sanctioned Promsvyazbank. Only a few wallets handled most of that volume, showing how a small group can steer vast sums.

Meanwhile, five non‑Russian companies also made the list: Token Trust Holdings Limited in Cyprus, EXMO RBC Limited in Kazakhstan, AWX Solutions and Crypto Explorer DMCC in the UAE, and Bitpapa IC FZC in the UAE.

All five are already under US restrictions. Their inclusion highlights how sanctions evasion often relies on a global network of service providers.

Featured image from Unsplash, chart from TradingView

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July 7th, 2025 – Robinson Point, Singapore

GUNZ, the L1 blockchain ecosystem that powers the groundbreaking AAA game Off The Grid (OTG), today announced the expansion of its GUN token to the Solana blockchain.

This strategic move brings part of the GUN token’s circulating supply to Solana, enhancing accessibility for U.S. (and global) users while reinforcing GUNZ’s leadership in the blockchain gaming sector. On the 10th of July GUN lands on Solana, bringing lightning-fast access and next-gen infrastructure to a whole new wave of gamers and community members.

Strategic Alignment with Solana: A Multi-Chain Vision

Under the bold banner, “GUN is Coming to Solana,” GUNZ is embracing Solana’s high-speed, low-cost blockchain infrastructure and robust ecosystem to amplify its multi-chain strategy, aptly summarized as “Too Big for One Chain.” This move represents the latest step in a clear multichain strategy, setting the stage for additional expansions to other prominent blockchains in the future. The bridging process to Solana will be facilitated by LayerZero, a leader in blockchain interoperability and seamless cross-chain transactions.

Currently, GUN is available on multiple blockchains and platforms, including GUNZ Layer 1 and AVAX C-chain.

This alignment radically increases accessibility to the token and unlocks new opportunities for partnerships, campaigns, and community engagement by leveraging Solana’s global reach.

To celebrate this milestone, GUNZ will launch a limited-edition Solana-themed NFT content pack. Details on how to claim this exclusive offering will be announced soon, adding excitement for the growing Off The Grid community.

Off The Grid and the GUNZ Ecosystem: A Clarified Vision

GUNZ is renowned for Off The Grid, the first AAA game with an onchain economy, available across platforms like Epic Games Store, Xbox, PlayStation, and soon Steam. Within OTG, the GUN token serves as a utility token, enabling players to purchase in-game items, engage in asset trading, and participate in blockchain-powered gameplay interactions. Following the Solana integration, players will be able to deposit Solana-based GUN directly into their in-game wallet, enabling fast, reliable, and convenient transactions within OTG’s immersive digital economy.

With over 17 million wallets registered in the GUNZ ecosystem, GUNZ is poised for strong growth. This milestone will boost ecosystem activity and token utility.

Leadership Perspective

“Launching GUN on Solana reflects our long-term commitment to building a truly global, player-first ecosystem,” said Vlad Korolov, CEO at Gunzilla Games. “Solana’s speed and scalability allow us to reach new communities with greater efficiency and reliability. This is more than a technical upgrade—it’s a major step toward making blockchain gaming seamless, inclusive, and ready for the mainstream.”

Looking Ahead

GUNZ is set to share additional updates in the coming weeks, including details on the highly anticipated Steam release of Off The Grid and further global token availability. As the ecosystem gears up for mass adoption, the crypto community is encouraged to stay tuned for announcements that will solidify GUNZ’s position as a trailblazer in blockchain gaming.

Risk & Regulatory Disclosure

GUN is an in-game utility asset. It has not been registered, qualified, or approved as a security, capital-markets product, or digital payment token in any jurisdiction. No regulator has reviewed this material. This release is not an offer, solicitation, or investment advice, and GUN is not offered to U.S. persons. The token’s value may fall to zero and is not covered by investor-compensation schemes (including those under EU MiCAR). Always verify eligibility before acquiring or using GUN.

About Gunzilla

Founded in 2020, Gunzilla Games is an independent AAA video game developer and publisher behind Off The Grid — a groundbreaking battle royale now live on PC, PlayStation, and Xbox. Gunzilla is also the creator of GUNZ, a gamer-first blockchain ecosystem, and the proud owner of Game Informer, the largest gaming media outlet.

Driven by a passion for innovation, Gunzilla is dedicated to pushing the boundaries of what’s possible in gaming—delivering cutting-edge experiences that empower players, developers, and the industry as a whole.

For more information, users can visit GunzillaGames.com.

Official X of Gunzilla Games – https://x.com/GunzillaGames

Official X of GUNbyGUNZ – https://x.com/GUNbyGUNZ

Official X of Off The Grid – https://x.com/PlayOffTheGrid

Contact

Legal Officer
Marina Danylyuk
POSEIDON 133 PTE. LTD
marina.danylyuk@gunzillagames.com