Get the latest tech news

US charges admins of Garantex for allegedly facilitating crypto money laundering for terrorists and hackers


The administrators of Garantex, Aleksej Besciokov and Aleksandr Mira Serda, allegedly knew their crypto exchange was used to launder money, according to U.S. prosecutors.

The DOJ said that Garantex “received hundreds of millions in criminal proceeds and was used to facilitate various crimes, including hacking, ransomware, terrorism, and drug trafficking,” and that the exchange processed at least $96 billion in cryptocurrency transactions since 2019. In the indictment, prosecutors accuse Besciokov of personally allowing transactions linked to cybercriminals, including the North Korean-government hackers known as Lazarus Group. U.S. prosecutors alleged that Besciokov and Mira Serda knew that their crypto exchange was used for money laundering and actively worked to make that happen even when Russian authorities asked questions.

Get the Android app

Or read this on TechCrunch

Read more on:

Photo of Hackers

Hackers

Photo of admins

admins

Photo of terrorists

terrorists

Related news:

News photo

US charges Garantex admins with money laundering, sanctions violations

News photo

Japanese telco giant NTT Com says hackers accessed details of almost 18,000 organizations

News photo

Hackers launder most of Bybit’s stolen crypto worth $1.4B