Garantex, a Russian encryption exchange that claims the relationship between Shady Banks and crime networks, is gone. The website has been improved offline by Russian secret service in cooperation with global implementation.
This takedown was not subtle for several years. Regulatory authorities in the United States and Europe have been around for a long time using Garantex as a poster for what happens on a platform that is not too close to fire. message? Noose is strengthening the cryptocurrency outlaw.
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Adjusted crackdown on Russia Crypto Exchange Garantex
The Garan Tex site is dead and has been replaced by the dull seizure notice of the US and Russian secret services. In addition, a spokesman for NATE HERRING confirmed the suspension of the publication as part of the “ongoing investigation”, but the details remain in the rap.
Breaking 🚨
All Russian wallets $ Usdt It is in danger!
This morning, Garan Tex exchange has said that @Tether_to The frozen â‚˝2.5b (RUB) value $ Usdt In their wallet.
And recently, their website https://t.co/IFVH21W9DV has been suspended.
Report… pic.twitter.com/b0e4drBL8P
-ENCRYPT0 (@0xencrypto) March 6, 2025
This measure is based on the controversial decision of the tethers to freeze $ 28 million in the USDT related to the Tex on March 6. The important thing is to show that the participation of the publisher of the STABLECOIN issue is to fight against illegal activities in the digital asset ecosystem to show the cooperative approach between the law enforcement agency and the major encryption organizations.
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Tether’s blockade and the reaction of the tex
Garantex has repeated the decision to blame tethers and solve the problem through the Telegram channel in response to the situation.
“We are fighting and we will not give up.”
The frozen assets amounted to 2.5 billion rubles (approximately $ 25 million), which made the exchange of exchange over the years more complicated.
Garan Tex has been thorns in terms of the Western authorities for several years. The exchange, which was approved by the US Treasury OFAC in April 2022, was accused of more than $ 100 million in a shaded operator.
During this criticism, it is almost $ 6 million in connection with the infamous Conti Ransomware Gang, and now $ 2.6 million in Darknet Bazaar, Hydra.
Implications for the encryption industry
Garantex’s asset seizure and takedowns on the site are the latest Salvo in the fight against Crypto’s soul. The US authorities argue for their relationship with the approved Russian organizations, and the encryption is a wide range of stories about designated academic execution.
Is this also for us and Russian officials to crack down on encryption or quietly in digital weapons races?
The takedown of the Garantex website increases the fight with the encryption platform that fuels illegal transactions. If the international agency is tied together, the message is clear. The day of judgment is coming for an un regulated exchange.
Nakjin can reconstruct the future of encryption. The role of tethers in asset frozen points to the industry that walks a fine line between regulations and freedom. Regulatory authorities call it responsibility. Congresses call it a slow death of centralization.
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Main takeout
- Garantex, a Russian encryption exchange with a relationship between the shade bank and the crime network.
- Nakjin can reconstruct the future of encryption.