Investigations

Blockchain analysis reveals how the Russian government uses international criminal networks across multiple countries to move state funds — documented for the first time THE COINS THAT COULDN’T HIDE The … Read More

How the Kremlin built a money laundering pipeline that operated in the open, and why the West’s financial system never saw it coming THE MECHANISM The previous part of this … Read More

MIT, Siemens, and Cisco helped build it. The FSB runs it. On Skolkovo, Russia’s most dangerous innovation project  THE TRAIL LEADS HERE Part 1 of this series established that the … Read More

How We Found the Network A routine analysis of a Russian opposition foundation’s public crypto wallets led somewhere no one expected: to a state-run financial network that had been operating … Read More

An eight-part investigation into a secret Russian state cryptocurrency network, built on blockchain forensics, published here for the first time WHAT THIS IS The Sistema Files is an eight-part investigative … Read More

  While ordinary Russians lose their sons, their savings, and their future – while people die across Ukraine, Iran, and beyond – the men in the Kremlin are counting their … Read More

Behind closed doors at Russia’s most elite business gathering, Putin dropped all pretense: he is waging an open-ended war of conquest, he has no intention of stopping, and he expects … Read More

  In December 2025, the most powerful businessmen in Russia did something unusual. They wrote Putin a letter. Not a public letter. Not a protest. A careful, formal petition, handed … Read More

  In May 2024, Dmitry Medvedev – former Russian president, current deputy head of the Security Council, and reliable barometer of Kremlin rage – picked a fight with a smart … Read More