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U.S. and Europe Dismantle $96 Billion Crypto Laundering Hub

3/8/2025

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Summary

Story summary

In a bold crackdown, U.S. and European authorities have dismantled the Russian cryptocurrency exchange Garantex, linked to laundering billions from criminal enterprises. The operation froze $26 million in assets and seized domains, while executives Aleksej Besciokov and Aleksandr Mira Serda now face serious charges, including conspiracy to launder money. Since 2019, Garantex processed a staggering $96 billion in transactions.

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Story summary

In a bold crackdown, U.S. and European authorities have dismantled the Russian cryptocurrency exchange Garantex, linked to laundering billions from criminal enterprises. The operation froze $26 million in assets and seized domains, while executives Aleksej Besciokov and Aleksandr Mira Serda now face serious charges, including conspiracy to launder money. Since 2019, Garantex processed a staggering $96 billion in transactions.