Crypto Crackdown: Garantex Shutdown Sends Shockwaves Through Cybercrime Circles
Garantex, the Russian cryptocurrency exchange beloved by cybercriminals, has been shut down by international law enforcement. The US Secret Service seized its domains as part of an ongoing investigation. This marks another chapter in the US sanctions spree against Russian entities involved in money laundering and dark web activities.
Hot Take:
Looks like Garantex’s crypto-party has been gatecrashed by international law enforcement! With enough agencies involved to form a small country, it’s clear that when it comes to cracking down on criminal crypto exchanges, the world’s cops aren’t just playing games – they’re playing Monopoly, and someone’s going directly to jail without passing ‘Go’ or collecting $200 million in laundered money.
Key Points:
- Garantex, a Russian cryptocurrency exchange, has been shut down by international law enforcement.
- The US Secret Service seized website domains associated with Garantex.
- Multiple international law enforcement agencies coordinated in the operation.
- The shutdown is linked to Garantex’s role in money laundering for criminals, including ransomware gangs.
- Garantex was previously sanctioned by the US and EU for facilitating illegal transactions.
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