"The seizure of website domains associated with Garantex's operations and the freezing of over $26 million in cryptocurrency strikes a serious financial blow to cybercriminals worldwide."
"In 2022, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned the exchange, accusing it of being linked to the infamous Conti ransomware gang and Hydra."
The U.S. Secret Service has seized the domains of Garantex, a Russian cryptocurrency exchange, due to its alleged role in laundering over $96 billion for criminals since 2019. This action, part of a broader international crackdown with cooperation from multiple countries, resulted in a significant financial impact on cybercriminals, including the freezing of $26 million in crypto assets. Two individuals associated with Garantex face multiple charges, including money laundering, and the exchange has a history of sanctions linked to notorious cybercrime entities.
Read at TechRepublic
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