- Russian Russian cryptocurrency site abolished by the police
- Guarantx has already been penalized by the EU and the United States
- The site would have links to cybercrime and ransomware
The law enforcement organizations around the world have gathered to close the infamous Russian cryptocurrency exchange Guarantx, which was popular among cybercriminals, in particular ransomware gangs, which often use cryptocurrency to whiten money acquired in ransom attacks.
The Guarantx website has been removed and replaced by an opinion confirming the entry – with the closure occurs only a few days after the EU sanctioned the site for being “closely associated with the Russian banks sanctioned by the EU”.
The American lawyer’s office for the Virginia Oriental District obtained a crisis warrant for the field, which allowed the police to withdraw the website. Several agencies are credited in the advice, including the United States Ministry of Justice, the secret services, the Finnish Poliisi Keskusrikospoliisi and the German Bundeskriminalat.
Cryptographic losses
The US government also sanctioned Guarantx in April 2022, after being linked to criminal activities and dark web markets – including nearly $ 6 million in Russian Russian Gang.
Cryptocurrency is a popular tool for cybercriminals, because currencies are largely anonymous, not found and unregulated – without central server or administrator. In fact, it was reported that about $ 40 billion in illicit cryptographic transactions took place in 2024 and should increase in 2025. Dr. Ilia Kolochenko, CEO of Immuniweb, explains;
“Although certain jurisdictions are readily blind and easily close their eyes to certain types of illicit activities linked to cybercrime and money laundering, by exploiting an exchange of cryptography fully functional only from these” safety refuge “is practically impossible in the interconnected world.
“The good news is that we will probably see cyber operations even more successful by the law enforcement organizations in 2025, while the bad news is that cybercriminals will certainly learn the lesson and will soon be resuscitated with even more resilient infrastructures to continue their activities.”
Via Techcrunch
