Dispatches

// LONG-FORM INVESTIGATIVE

Long-form investigative analysis with narrative depth and strategic relevance. Dispatches run deep on specific actors, flows, and networks — the kind of piece where the reporting takes weeks, not days.

A7A5: Russia's Sanctioned Stablecoin Says It Moved $34 Billion. Much of It Went in a Circle.

We traced the crypto wallets. $31 million left one account and came back 13 minutes later. The payments business has collapsed, and the real draw appears to be the nearly 14 percent interest A7A5 quietly pays.

Dispatch · Economic statecraft · Sanctions & Economic Statecraft · Illicit finance

July 2026 · 16 min · Full Access