US Treasury sanctioned crypto exchange Garantex and darknet marketplace Hydra
The agency noted that these measures should prevent Russia from evading sanctions with cryptocurrencies
06.04.2022 - 15:55
436
1 min
0
What’s new? On April 5, the US Treasury Department’s Office of Foreign Assets Control (OFAC) imposed sanctions on the Garantex crypto exchange and the Hydra darknet marketplace. The OFAC investigation is based on recent sanctions against cryptocurrency exchangers Suex and Chatex, which, like Garantex, operated out of the Federation Tower in Moscow. This is stated on the US Treasury Department’s official website.
US Treasury Department’s press release
Details of the investigation. OFAC found that about $8 million in proceeds from ransomware such as Ryuk, Sodinokibi, and Conti passed through Hydra’s accounts. An analysis of known Garantex transactions revealed that transactions worth more than $100 million related to illegal activities. Almost $6 million of these came from the Russian hacker group Conti, and about $2,6 million came from Hydra. OFAC has blocked all property of Hydra and Garantex that are located in the United States.
What is known about Garantex? It is a cryptocurrency exchange founded in late 2019 and originally registered in Estonia. Garantex lost its financial services license in February 2022. This happened after the Estonian Financial Intelligence Unit revealed a link between the crypto exchange and wallets used for criminal activities.
Earlier, the German Federal Criminal Police (BKA) disabled the German servers of the Russian darknet marketplace Hydra. The international operation seized about $25,32 million.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$98 797
BTC
+3.23%
-
Ethereum
$3 320.15
ETH
+2.15%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.45
XRP
+31.64%
-
Dogecoin
$0.40305
DOGE
+6.54%
-
Cardano
$0.915135
ADA
+18.56%
-
Bitcoin Cash
$484.56
BCH
+1.99%
-
Polkadot
$6.27
DOT
+9.52%
-
Stellar XLM
$0.295837
XLM
+25.39%
-
Litecoin
$90.06
LTC
+3.17%