What is the guarantor? The largest Russian sanctioned Cripto Exchange

The European Union targeted the largest Russian large sanctioned CRIPTO Exchange, although analysts note that it has successfully functioned under sanctions for years.

On Monday, 24. February, European Council introduced 16. Sanction package, adding Russian Criptocurrenci Brandek on the list as “closely related to Russian banks with EU sanctions”.

The guarantor seems to be one of the largest CRIPTO CRIPTO RUSIOs operating within the Kremlin view. The stock market has offices in the skyscrapers of the Kule Federation Moscow and offers deposits and raising cash rubles to Russian bank tickets, including Sberbank, Tinkoff and Alfa-Bank, according to their website.

The sanctions of the European Council against the guarantee come two years after the exchange blacklisted By touring the American Office for foreign property in 2022. years.

‘Will not have a big impact’

At the end of 2019, by Russian technical experts Stanislav Mendelev, a former KGB officer, the stock market was originally based in Estonia and has long been supervised in its role in relieving illegal transactions.

By data From the American Based Chickingerica Companylize, the stock market helped mitigating payment related to Ransovare Bands and Garanje stores and Darknet Guard, which was abolished in April 2022. years. According to different resources, in terms of different resources, the guarantor also used various criminal organizations. Terrorist groups, including Hezbollah.

Speaking with Cripto.NEVS, the head of the Chain National Security Intelligence Andrew Fierman pointed out that the guarant remains active “years after they sanctioned it.”

“EU movement, while driving more sanctions for EU entities, will probably not have a major impact on the total EU surgery to maintain economic pressure on Russia’s financial services, and now, cripptocurrencens of exchanges.”

Fierman notes that trust plays a “significant role in the Russian ecosystem of cryptocurrency”. He also added that despite the latest sanctions, guarantex will still have a “big part as long as it is operational.”

“Garrant is a generally a reliable platform in Russia and has stable liquidity reserves, making slightly probable users from the platform, such as Berebit, which stopped chocolate, and later offered them chocolate later recorded by the Russian law on law enforcement or organizations that hit international law enforcement efforts, such as German efforts for Implementation of the law, such as German Grandma., No-KIC platforms, users are likely to be flocked into services where their money is safest. “

The reliability of the guarantor is not only related to its long-term presence in Russia, but also to obvious teaching from the Kremlin. March 2024 investigation Eesti Express and international consortium of investigative journalists of uncovered bonds between the associates of the guarantex and the Russian government. The report found that one of the co-founder died under mysterious circumstances and soon after, another shareholder with rosneft, oil giant under the control of the Kremlin, took control of company records.

Richard Sanders, an American analyst based on Forensics, pointed out that the Russian government was probably awarded interest in enabling guarantex to work.

“An intelligent value that can get the Russian government far outweighs their desire to prosecute a criminal, and a great profit from what the government considers hostile nations. The guarantor has a dark (net) markets and the ronsaware group as top clients.”

The guarant was defending its operations, arguing that he actively acts to prevent illegal activities and cooperates with international law enforcement agencies, per investigation. However, American Sanctions of Treasury since April 2022. they pointed out the role of exchange in the facilitation of illegal transactions.

According to George Voloshin, financial crime analysts in the Association of Certified Money Washing Experts, Guarantex acts similarly to non-formal network transfer networks, which is often called “Havala” systems, who avoid regulation and traditional financial supervision.

Isabella Chase, EU at Blockchain Forensic Firm Trm Labs Told Crypto.News in a Commentary That Despite Being Sanctioned By The Us In 2022, Garantex Continues Process “Billions in Transactions Annually, Allowing Cybercriminals and Sanctioned Entities It Launder illegal funds with minimal supervision. “

Toward data From Trm Laboratory, the guarantor and Iranian CRIPTO Exchange Nobitek seemed to sanction entities and jurisdiction over 85% of inflows.

“EU sanctions aim to further restrict their ability to work internationally, increasing the difficulties in initiating illegal means – without strong international cooperation, cybercriminals can transfer their activity to alternative unshamed exchanges or decentralized Platforms. The guarantor is not the only option for bad actors. “

Isabella Chase

Although the Laboratory Trm determined the exchange as the main facilitator, other underground banking networks, peer-to-peer platforms and decentralized financial services also “remain alternatives to criminals who want to cross funds,” they noticed that they marked the Laboratory Trm.

Despite the efforts to emerge a law enforcement, the deep connection of the guarantor for the Russian government and questionable actors, with analysts warning that its current surgery under the supervision of the Kremlin threatens international security and the global crypto market.