Crypto Chaos: Garantex Founders Charged in U.S. Money Laundering Scandal!
The Russian Garantex crypto-exchange administrators have been charged in the United States with facilitating money laundering. The duo, accused of turning the exchange into a criminal cash carousel, now face hefty prison sentences. Meanwhile, their battle cry is, “We’re fighting and we’re not giving up!” Well, that makes one of us!
Hot Take:
When crypto exchanges play peek-a-boo with international laws, it’s like playing Monopoly with a toddler – messy, chaotic, and everyone ends up in jail! Garantex seemed to think it was the Houdini of money laundering, vanishing those pesky regulations and sanctions. But alas, it looks like their magic show ended with the ultimate disappearing act: their servers, domains, and perhaps their freedom.
Key Points:
- Russian Garantex crypto-exchange heads charged with money laundering and sanctions violations in the U.S.
- Garantex processed at least $96 billion in cryptocurrency transactions since 2019.
- U.S. DOJ seized Garantex’s domains and servers in collaboration with Germany and Finland.
- Tether blocked Garantex’s digital wallets, halting their operations.
- Garantex previously lost its Estonian license due to compliance issues.
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