$13.74M Hack Shuts Down Sanctioned Grinex Exchange After Intelligence Claims

Grinex, a Kyrgyzstan-incorporated cryptocurrency exchange sanctioned by the U.K. and the U.S. last year, said it's suspending operations after it blamed Western intelligence agencies for a $13.74 million hack. The exchange said it fell victim to what it described as a large-scale cyber attack tha...

U.S. Sanctions Garantex and Grinex Over $100M in Ransomware-Linked Illicit Crypto Transactions

The U.S. Department of the Treasury's Office of Foreign Assets Control OFAC on Thursday renewed sanctions against Russian cryptocurrency exchange platform Garantex for facilitating ransomware actors and other cybercriminals by processing more than $100 million in transactions linked to illicit...

Alleged Co-Founder of Garantex Arrested in India

Authorities in India today arrested the alleged co-founder of Garantex , a cryptocurrency exchange sanctioned by the U.S. government in 2022 for facilitating tens of billions of dollars in money laundering by transnational criminal and cybercriminal organizations. Sources close to the investigati...

Garantex Crypto Exchange Seized, Two Charged in Laundering Scheme

International law enforcement disrupts Garantex, a multi-billion-dollar cryptocurrency exchange used for money laundering. Two individuals, Aleksej Besciokov and…...

Cybercriminals Allegedly Used a StubHub Backdoor to Steal Taylor Swift Tickets

Plus: The world’s “largest illicit online marketplace” gets hit by regulators, police seize the Garantex crypto exchange, and scammers trick targets by making up ransomware attacks...

U.S. Secret Service Seizes Russian Garantex Crypto Exchange Website

A coalition of international law enforcement agencies has seized the website associated with the cryptocurrency exchange Garantex "garantex.org", nearly three years after the service was sanctioned by the U.S. Treasury Department in April 2022. "The domain for Garantex has been seized by the Unit...

U.S. Treasury Sanctions Russian Money Launderer in Cybercrime Crackdown

The U.S. Department of the Treasury imposed sanctions against a 37-year-old Russian woman for taking part in the laundering of virtual currency for the country's elites and cybercriminal crews, including the Ryuk ransomware group. Ekaterina Zhdanova, per the department, is said to have facilitate...

U.S. Treasury Department Sanctions Russia-based Hydra Darknet Marketplace

The U.S. Treasury Department on Tuesday sanctioned Hydra, the same day German law enforcement authorities disrupted the world's largest and longest-running dark web marketplace following a coordinated operation in partnership with U.S. officials. The sanctions are part of an "international effort...