Sanctioned crypto exchange Garantex shifts millions as it reboots platform
The shuttered crypto exchange Garantex has allegedly resurfaced under a new name after reportedly laundering millions in ruble-backed stablecoins and transferring them to a newly established exchange, claims a Swiss blockchain analytics firm.
Global Ledger claims the operators of the Russian exchange have shifted liquidity and customer deposits to Grinex, which they say is “Garantex’s full-fledged successor,” in a report released to X on March 19.
“We can confidently state that Grinex and Garantex are directly connected both onchain and offchain.”
“The movement of funds, including the systematic transfer of A7A5 liquidity, the use of one-time-use wallets, and the involvement of addresses previously associated with Garantex,…
