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Ransomware’s favorite Russian crypto exchange seized by law enforcement


  • Major Russian cryptocurrency site taken down by law enforcement
  • Garantex has previously been sanctioned by the EU and US
  • The site allegedly had links to cybercrime and ransomware

Law enforcement agencies from across the world have come together to shut down infamous Russian cryptocurrency exchange Garantex, which was popular amongst cybercriminals, especially ransomware gangs, who often use cryptocurrency to launder money gained in ransom attacks.

The Garantex website has been taken down and replaced with a notice confirming the seizure – with the shutdown comes just days after the EU sanctioned the site for being “closely associated with EU-sanctioned Russian banks”.

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