Summary: A major international law enforcement operation has successfully dismantled Garantex, a cryptocurrency exchange implicated in facilitating transactions for criminal organizations, including Dark Web markets and ransomware groups. Key servers were seized, and two individuals were indicted for their involvement in the illicit operations of the exchange, which processed over billion since 2019. They face severe charges, including conspiracy to commit money laundering and violations of US sanctions, with potential prison sentences of up to 20 years.

Affected: Garantex cryptocurrency exchange

Keypoints :

• Garantex was linked to transnational criminal organizations and facilitated money laundering.
• Operation involved law enforcement collaboration from Germany and Finland.
• Authorities seized million and obtained customer databases related to Garantex.
• Indicted individuals face serious charges with potential 20-year prison sentences.