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U.S. Sanctions Garantex and Grinex Over $100M in Ransomware-Linked Illicit Crypto Transactions

U.S. Sanctions Garantex and Grinex Over 0M in Ransomware-Linked Illicit Crypto Transactions


The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Thursday renewed sanctions against Russian cryptocurrency exchange platform Garantex for facilitating ransomware actors and other cybercriminals by processing more than $100 million in transactions linked to illicit activities since 2019.
The Treasury said it’s also imposing sanctions on Garantex’s successor, Grinex

Source: thehackernews.com –

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