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Russian Crypto Exchange Seized By U.S. Secret Service

The Garantex exchange had been linked to Russian banks under western sanctions.
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Mar 7, 2025 • 1 min read

The U.S. Secret Service, in conjunction with international law enforcement agencies, has seized the website of Garantex, a Russian cryptocurrency exchange. The exchange is accused of having connections with sanctioned Russian banks and criminal organizations.

What’s the Scoop?

  • International Collaboration: The operation involved the U.S. Secret Service and international law enforcement, highlighting cross-border cooperation in crypto regulations.
  • Ties with Sanctioned Banks: Garantex has been linked to Russian banks under EU sanctions, with allegations of facilitating criminal activities.
  • Long Time Coming: Garantex has been under investigation for years, making this a significant breakthrough for authorities.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

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