News with the tag "Garantex"

In a dramatic escalation of regulatory pressure within the cryptocurrency space, the United States Secret Service (USSS) has reportedly taken decisive action against Garantex, a Russian cryptocurrency exchange already under the weight of U.S. and EU sanctions. This bold move, first reported by TechC...

The U.S. Secret Service seized the website of the Russian exchange Garantex in collaboration with the FBI, Europol, and the Department of Justice’s Criminal Division. The exchange has frequently been associated with ransomware hackers and darknet markets. The official Garantex webpage has now been r...

Sanctioned Russian crypto exchange Garantex is announcing the suspension of its operations after Tether blocked its platform’s wallets. In a new Telegram announcement on Thursday, the Russian exchange says that Tether has blocked Garantex’s wallets, which contained over 2.5 billion rubles, about $28...

In a dramatic turn of events shaking the cryptocurrency landscape, Russian crypto exchange Garantex has abruptly suspended all trading and withdrawals. This drastic measure comes in the wake of a significant $27 million USDT freeze by Tether, the issuer of the world’s largest stablecoin. The freeze,...

Stablecoin operator Tether has revealed that it has frozen $27 million in USDT on the sanctioned Russian crypto exchange, Garantex. The cryptocurrency exchange has also suspended all its trading and withdrawal services. The U.S., through the U.S. Department of the Treasury’s Office of Foreign Assets...

Stablecoin issuer Tether has frozen $28 million worth of USDT on Russian crypto exchange Garantex. Garantex, which has been sanctioned by the European Union for links to the Russian government and criminal organizations, has suspended all its services temporarily, the exchange announced on Telegram ...

The European Union announced its 16th package of sanctions against Russia on Feb. 24. Among the new targets of the sanctions is the cryptocurrency exchange Garantex, which has already been under sanction by the United States for three years. The EU said in a statement that it was targeting actors re...

OKX CEO Star Xu warned users that deposit to and withdrawals from sanctioned crypto platforms, including Garantex and Tornado Cash, could result in freezing your funds. OKX CEO Star Xu

Nearly 30% of all crypto traced from illicit addresses since 2019 ended up at sanctioned services like Russia’s crypto exchange Garantex, according to Chainalysis. Cryptocurrency exchanges have received nearly $100 billion worth of crypto from well-known illicit addresses since 2019,…

Garantex's story illustrates the influence of government and secret services on cryptocurrency exchanges.