Treasury crushes crypto exchange washing $100M dirty money
The U.S. Treasury just delivered a crushing blow to cybercriminals who thought they could hide behind cryptocurrency exchanges. The Office of Foreign Assets Control slammed sanctions on Garantex Europe, a crypto platform that’s been washing dirty money for ransomware gangs and other digital criminals since 2019.
This isn’t just another regulatory slap on the wrist. We’re talking about a Treasury sanctions crypto exchange operation that processed over $100 million in transactions linked to some of the nastiest cybercriminal organizations on the planet.
Garantex becomes cybercriminals’ favorite money laundry
Here’s how deep this rabbit hole goes: Garantex didn’t just accidentally enable a few bad transactions. The…
