Garantex

Highlights: The US Treasury has sanctioned Garantex and Grinex for laundering crypto funds. Authorities seized $26 million in crypto and dismantled Garantex’s infrastructure during a coordinated operation. TRM Labs noted that Garantex planned sanctions evasion months earlier by creating Grinex […]

Highlights: Osman Kabaloev suggests Russia should create its stablecoins, tied to alternative currencies. EU sanctions Garantex after its links to banned Russian banks and illicit activities. Ruble-backed token could reduce reliance on dollar-pegged stablecoins for Russian trade. Deputy director at […]

Highlights: The U.S., Germany, and Finland seized Garantex’s servers and domains over money laundering and sanctions violations. Two administrators face charges for laundering money and operating an unlicensed money-transmitting business. Authorities froze $26 million in assets linked to Garantex’s illicit […]

Highlights: Tether has frozen USDT belonging to Garantex and has caused the exchange to halt operations. The EU sanctioned Garantex due to its links to Russian banks that have already been sanctioned. Analysts predict that more restrictions may be imposed […]