Following a coordinated effort led by the US Secret Service, details have emerged regarding the takedown of Garantex, a significant Russian cryptocurrency exchange linked to extensive illegal activities. The operation involved asset freezes and the seizure of critical domains and servers used by Garantex, which purportedly facilitated over $96 billion in transactions since its inception, including funds tied to ransomware and other cybercriminal enterprises. Criminal charges have been filed against two individuals who managed the platform, marking a pivotal moment in combating cybercrime on a global scale.
"The Feds today revealed more details about the US Secret Service-led Garantex takedown, a day after seizing websites and freezing assets belonging to the Russian cryptocurrency exchange..."
"Garantex, which was sanctioned by the Americans in 2022, has processed at least $96 billion in cryptocurrency transactions since 2019..."
"As part of the coordinated actions, German and Finnish law enforcement also seized servers from various locations that hosted Garantex's operations, effectively terminating the exchange."
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