Global Ledger, a company that provides a set of Crypto Anti-Money Wheterring (AML) tools, has identified more than $ 15 million in active reserves by Crypto Exchange Garantine, some of which are in motion.
According to Global Ledger’s report, a sleeping guarantee portfolio began to accumulate ether (ETH) on March 6, finally channeled $ 2.3 million in Tornado. This portfolio still contains $ 6.1 million Eth, which remains stagnant.
The same scheme was found for Bitcoin (BTC) Holdings, the report indicates. About 2.2 BTC was sanded on the Tron network, then partially transferred to Grinene.
“The Guarantx case undermines the illusion of control to which many are still clinging,” said Cointelegraph, co-founder and CEO of Global Ledger. “15 million dollars moving freely through chains and obscure mixers is not a failure of the law – it is a failure of the application of sanctions.”
On March 6, Tether froze $ 27 million USDT (USDT) on Garantinex. The same day, the exchange interrupted operations, claiming that “the attachment entered the war against the Russian market of cryptography and blocked our wallets worth more than 2.5 billion rubles [$27 million]. “”
In April 2022, the American department for controlling foreign assets of the Treasury (OFAC) became the first entity to issue sanctions against Garantex. According to the Treasury Department, the exchange had ignored the LMA and other requirements imposed by certain regulators on the exchanges of Crypto. The European Union would follow with sanctions on February 24, 2025.
On March 12, Guarantx said that founder Aleksej Bešciokov had been arrested during his holidays in India with his family. He could be extradited to the United States, where he faces multiple accusations of conspiracy, including the plot to commit money laundering.
In relation: US sanctions 8 Cryptographic portfolio linked to Guarantx Exchange and Yemeni Houthi
Russia responds to frost
On April 17, an official of the Russian Ministry of Finance, Osman Kabaloev, would have said that the country should develop its stablecoin. The remarks occurred a month after Tether orchestrated his frost on USDT in portfolios linked to Guarantx.
“We do not impose restrictions on the use of stablecoins in the experimental legal regime,” Kabaloev told Tass, a state -owned news agency. “Recent developments have shown that this instrument can present risks for us.”
On April 24, the Russian Ministry of Finance and the Central Bank would have revealed that they planned to launch an exchange of cryptocurrency for “super -qualified” investors.
Magazine: Tornado Cash 2.0 – The race for the construction of mixers of safe and legal parts
