News: GARANTEX, the famous Russian encryption exchange, we dropped by us

Written by Paul Odonogo, the first reporter

The American Secret Service seized the GARANTEX website on Russian Cryptocurrency Exchange as part of the millions of dollars ’money laundering issue.

According to court documentsThe Ministry of Justice accused two managers, Aksab Bisyukov, 46, a national and Russian resident, and Alexander Mira Serda, 40, a Russian citizen, while washing criminal returns across the platform.

GARANTEX, its headquarters in Moscow, has been treated with illegal treatments associated with ransom and piracy violations, drug trafficking and penalties. The platform was initially operated through the GARANTEX.IO website before moving to Garantex.org. The court documents stipulate that GARANTEX has misled law enforcement, including the Russian authorities, about the identities of its users.

Since April 2019, GARANTEX has dealt with $ 96 billion in Coded Transactions, with part of those funds that are allegedly used to finance illegal activities, according to the Ministry of Justice.

GARANTEX Operations

“The seizure of the site’s ranges related to GARANTEX operations and the freezing of more than $ 26 million of cryptocurrency strikes a serious financial blow to electronic criminals around the world,” said Michael Centirella, Assistant Director of the Field Operations Office at the Secret Service.

“Besides our American and international law enforcement, this coordinated procedure will prevent additional funds from falling into the hands of criminals.”

The court files claim that Besciokov intentionally allowed accounts related to the North Korean criminal to work on the platform. The stock exchange has been under the imposition of US sanctions at least 2022. By early 2023, it was claimed that Pesiokov and his partners have restructured GARANTEX operations to evade US sanctions and deceive American companies in treating unknown transactions with the stock exchange.

The indictment states that the exchange often transferred the coded currency portfolios to new virtual addresses to hide their activities. Besciokov and Serda also took steps to hide their involvement from the Russian authorities, and the records of the court also appear.

The seizure announcement comes the next day of the GARANTEX announcement of a temporary stoppage of its operations on Telegram.