The U.S. Secret Service, working with a coalition of worldwide regulation enforcement companies, has taken down and seized the web site of Garantex, a Russian cryptocurrency change accused of being related to darknet markets and ransomware hackers.
On Thursday, the official Garantex web site was changed with a discover saying the change’s area has been seized by the Secret Service following a warrant by the U.S. Lawyer’s Workplace for the Jap District of Virginia.
That is the most recent motion taken by Western governments towards the Moscow-based change.
Final month, the European Union additionally sanctioned Garantex as, saying it’s “intently related to EU-sanctioned Russian banks.” This was a part of a bundle of sanctions towards Russia for its invasion of Ukraine.
In 2022, the U.S. Treasury sanctioned Garantex, alleging that greater than $100 million in transactions carried out on the change “are related to illicit actors and darknet markets,” together with the infamous Russian ransomware gang Conti, and the darknet market Hydra.
The takedown discover, seen by TechCrunch, mentioned that the operation was performed in coordination with the U.S. Division of Justice, the Federal Bureau of Investigation, Europol, the Dutch Nationwide Police, the German Federal Felony Police Workplace (Bundeskriminalamt or BKA), the Frankfurt Common Prosecutor’s Workplace, the Finnish Nationwide Bureau of Investigation, and the Estonian Nationwide Felony Police.
TechCrunch reached out to all these organizations for remark. On the time of writing, solely the FBI responded, declining to remark.
TechCrunch additionally reached out to Garantex by way of the official e-mail addresses listed on the location earlier than the seizure, in addition to by means of the corporate’s Telegram account. Garantex didn’t reply to those messages.
TechCrunch verified the web site seizure discover by analyzing Garantex’s internet-facing area data. As of Thursday, Garantex’s net area is now pointing to servers identified to be managed by the Secret Service. The identical server can be host to a number of different web site seizure notices carried out by the Secret Service lately.
Following the seizure, Garantex made no point out of the regulation enforcement operation in its official Telegram channels. On Thursday morning, Garantex announced that it was “suspending all providers, together with cryptocurrency withdrawals,” in line with a machine translation of the announcement.
The choice got here after stablecoin issuer Tether froze $28 million price of its cryptocurrency on Garantex.
“Now we have unhealthy information,” Garantex wrote. “We’re combating and won’t quit! Please observe that every one [Tether] in Russian wallets is at present underneath menace.”
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