US Puts a $6 Million Bounty on Heads of Russian Crypto Exchange Garantex
Main Idea
The U.S. has intensified its crackdown on Russian-operated cryptocurrency exchange Garantex, offering a $6 million bounty for information on its leaders and sanctioning related entities due to alleged involvement in $96 billion of illicit crypto transactions.
Key Points
1. The U.S. State Department is offering up to $6 million in rewards for information on Garantex's leadership, including $5 million for Russian national Aleksandr Mira.
2. The Treasury Department's OFAC has re-designated Garantex as sanctioned and targeted its alleged successor, Grinex, along with three executives and six affiliated companies in Russia and Kyrgyzstan.
3. Investigators estimate Garantex processed at least $96 billion in crypto transactions from April 2019 to March 2025, with a significant portion linked to criminal activity.
4. This action is part of a broader U.S. strategy to combat the use of cryptocurrency in illicit activities.
Description
U.S. intensifies crackdown on Garantex, linking it to $96B in illicit crypto flows Treasury sanctions Garantex and successor Grinex, plus executives and affiliates State Dept offers $6M rewards for intel on Garantex leaders in global crime network The United States has launched a major crackdown on Garantex, a Russian-operated cryptocurrency exchange accused of handling massive illicit transactions. In a coordinated move, the Departments of State and Treasury announced new measures targeting the...
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