US Department of Justice Seizes Domains of Russian Exchange Garantex

Source
JH Kim

Summary

  • The US Department of Justice, in cooperation with Germany and Finland, has seized several domains of the Russian cryptocurrency exchange Garantex.
  • Garantex is accused of supporting money laundering for multinational criminal organizations.
  • This action is significant as part of international efforts to prevent money laundering.

According to The Block, a cryptocurrency specialized media outlet, on the 7th (local time), the US Department of Justice, with cooperation from Germany and Finland, has seized multiple domains related to the Russian cryptocurrency exchange Garantex.

The exchange is accused of helping multinational criminal organizations launder money.

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JH Kim

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