The U.S. Department of the Treasury has renewed sanctions against Russian cryptocurrency exchanges Garantex and its successor Grinex, which have facilitated over $100 million in illicit transactions linked to cybercriminal activities since 2019. These actions highlight ongoing efforts to combat cybercrime, ransomware, and sanctions evasion within the virtual asset industry. #Garantex #Grinex #Ryuk #A7A5Token
Keypoints
- The U.S. Treasury renewed sanctions against Garantex and its successor, Grinex, for supporting cybercriminal activities.
- Garantex processed over $100 million in transactions linked to ransomware groups like Conti and Black Basta.
- The platform allegedly rebranded to Grinex to evade sanctions, continuing illicit transfers.
- Cryptocurrency laundered through Garantex aided ransomware gangs, including Ryuk, with assets seized by the DoJ.
- The U.S. State Department offers a reward of up to $5 million for information on key Garantex leaders.
Read More: https://thehackernews.com/2025/08/us-sanctions-garantex-and-grinex-over.html