Freedom Holding Corp. is the target of a seven-year black PR campaign that intensified in late 2025. Company lawyers describe the effort as a planned attack. The estimated cost of this long-running operation could exceed $20 million.
An analysis revealed over 72,000 items of disinformation in 2025. The majority of these messages appeared on Russian-language Telegram channels. A network of bots amplified the content, which often included crude and false information.
The campaign recycles accusations of sanctions evasion, involvement in offshore transfers, and operating a financial pyramid scheme. Monitoring data shows an additional 3,200 disinformation items targeted the company and founder Timur Turlov in early 2026.