Crypto Crime Crackdown: DOJ Shuts Down Garantex Over Multi-Billion Dollar Money Laundering Scandal
The US Justice Department shut down Garantex, a cryptocurrency exchange allegedly involved in multi-billion dollar money laundering. Garantex’s domain names were seized, and officials charged two key figures with money laundering and conspiracy. The action highlights Garantex’s alleged ties to transnational criminal organizations and efforts to evade legal scrutiny.
Hot Take:
In a plot twist that could rival a Hollywood blockbuster, the US Justice Department has pulled the plug on Garantex, the cryptocurrency exchange that must have mistaken itself for a villainous lair. With domain seizures and international cooperation, it’s like Mission: Impossible — but in the world of digital currencies. Clearly, Garantex had ambitions beyond just exchanging your grandma’s Bitcoin. Who knew cryptocurrency could be this action-packed?
Key Points:
- The US DOJ seized Garantex’s online infrastructure in a crackdown on money laundering.
- Three domain names were seized, shutting down the exchange’s operations.
- Indictments were unsealed against key figures of Garantex for money laundering and sanctions violations.
- Garantex’s operations allegedly supported transnational crime, including terrorism.
- More than $26 million linked to illicit activities have been frozen.