U.S. Sanctions Garantex and Grinex Over $100M in Ransomware-Linked Illicit Crypto Transactions
16.08.2025
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U.S. sanctions Garantex, successor Grinex, after $100M illicit crypto flow fuels ransomware and sanctions evasion.
U.S. Cracks Down on Crypto Exchanges Over Ransomware Ties
The U.S. government has officially sanctioned crypto exchanges Garantex and its successor Grinex, accusing them of facilitating over $100 million in illicit transactions linked to ransomware attacks and sanctions evasion. This move marks a significant step in the ongoing battle against cybercriminal financing networks.
Garantex, already under scrutiny for its operations in the darknet, and Grinex, its newly emerged counterpart, have been pinpointed as key players in laundering ransomware proceeds. The sanctions aim to freeze any U.S. assets of these entities and prohibit Americans from engaging in transactions with them.
This action underscores our commitment to dismantling the financial infrastructure that enables ransomware actors to profit from their attacks. - U.S. Treasury Department
The crackdown is part of a broader strategy to combat the surge in ransomware attacks, which have targeted critical infrastructure, businesses, and government agencies worldwide. By targeting the financial lifelines of these cybercriminal operations, authorities hope to significantly disrupt their activities.
- • Garantex and Grinex sanctioned for facilitating $100M+ in illicit crypto transactions.
- • Exchanges linked to ransomware payments and sanctions evasion.
- • U.S. aims to freeze assets and block transactions with these entities.
#ransomware#cybersecurity#cryptocurrency exchanges#Cryptocurrency sanctions#US sanctions
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