I don't know how well this can help them to evade sanctions though and according to reports the $9.3 billion in transactions was carried out from only 124 wallets.
However, there are a few speculations about the A7A5, i.e. Grinex, the exchange it is traded in, is believed to be linked with Garantex, the crypto exchange that was taken down by the United States and Germany, and also there are links between this stablecoin and Moldovan oligarch, Ilan Schor, who has been convicted of fraud. It is safe to say that the service is shrouded with uncertainties and it may truly be a tool built solely for sanctions evation, rather than building alternatives to dollar-backed stablecoins.
Grinex is a rebranding of Garantex. It has the same founders, it's no secret.
The founders took into account the mistakes they made on Garantex.
There are few wallets because companies pay in rubles through a Russian bank, and the exchange makes payments in cryptocurrency for them. Organizations do not formally deal with cryptocurrencies, which reduces risks and reduces reporting.
The news contains figures that analysts found. And how much data analysts did not find, we will never know
