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Russian crypto exchange Garantex seized by law enforcement operation

  • The Russian cryptocurrency exchange, Garantex, has been seized by a law enforcement operation involving the U.S. Secret Service and international agencies.
  • Garantex was accused of associations with darknet markets and ransomware hackers.
  • The U.S. Treasury previously sanctioned Garantex for its involvement in transactions associated with illicit actors and darknet markets.
  • Garantex recently announced the suspension of all its services, including cryptocurrency withdrawals.

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