EU sanctions Russian crypto exchange Garantex

EU sanctions Russian crypto exchange Garantex

The sanctions comes after an ICIJ investigation linked Garantex to actors in the Russian government and criminal organizations.

Tether Recognized For Assisting The United States Secret Service In $23m Freeze Related To Transfers On Sanctioned Exchange, Garantex - Brand Spur

MARCH, 2025 – Tether, the largest company in the digital assets industry, announced today that it has assisted the United States Secret Service (USSS) in freezing $23 million in illicit funds linked to transactions on the Russian-sanctioned exchange, Garantex.  Over the past year, Tether has worked on multiple cases with law enforcement, including assisting the U.S. Department of Justice and the USSS in seizing $9 million in USDT tied to a pig b…

In an unexpected turn of events, a cryptobag in Russia has ceased its operations as a result of a blockade implemented by Tether, one of the main actors in the crypto world. This event highlights the growing tensions in the area of cryptocurrencies, particularly with regard to the interaction of international regulations with platforms in regions such as Russia. Impact on users and the cryptomarket Tether's blockade has left thousands of users w…

U.S. and EU Authorities Shut Down Russia-Linked Crypto Exchange Garantex

U.S. and European authorities have shut down Garantex, a Moscow-based cryptocurrency exchange accused of processing nearly $100 billion in transactions, much of it allegedly tied to criminal and terrorist organizations. Despite being sanctioned by the U.S. Treasury in 2022, the exchange remained a major channel for Russians moving funds in and out of the country, evading Western financial restrictions. Garantex allegedly facilitated transactions…

US law enforcement officers have frozen more than $26 million that were used for money laundering operations.

Global law enforcement crackdown hits Russian crypto exchange Garantex

Such a development comes over a week after Garantex was sanctioned by the European Union. Introduction to Malware Binary Triage (IMBT) Course Looking to level up your skills? Get 10% off using coupon code: MWNEWS10 for…