Summary
- Russian exchange Garantex is reported to continue laundering activities via Tornado Cash despite its closure.
- According to Global Ledger, $260,000 worth of Ethereum is still being moved.
- It was reported that there is evidence suggesting Garantex's Ethereum wallet is still active.
Russian cryptocurrency exchange Garantex, which was closed in March due to international sanctions, is still found to be laundering cryptocurrencies.
On the 28th (local time), crypto-specialized media BeInCrypto cited Swiss blockchain analytics firm Global Ledger, stating, "Garantex transferred $260,000 worth of Ethereum (ETH) through Tornado Cash," adding, "This is evidence that laundering activities continue despite the exchange's closure."
It further explained, "Garantex's Ethereum wallet remains active and is moving through asset concealment routes."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
