Guarantx, the exchange of Russian crypto with presumed links with shaded banks and criminal networks, has disappeared – its website is offline by Russian secret services in coordination with the global application.
This dismantling, years in manufacturing, was not subtle. American and European regulators have been running for centuries, using Garantors as a poster child with regard to unregulated platforms which move too far from the fire. The message? The flowing knot is tightening for the crypto outlaws.
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A coordinated repression for the exchange of Russian crypto Garantex
The Guarantx site is dead, replaced by a blunt entry notice in the United States and the Russian secret services. In addition, spokesperson Nate Herring has confirmed the withdrawal as part of an “current investigation”, although details remain under the Wraps.
Breakup
All Russian portfolios with $ USDT Are underdanger!
Earlier this morning, Guarantx Exchange and @Tether_to had frozen ₽2.5b (friction) of $ USDT on their wallets.
And very recently, their website has been deleted.
It is reported … pic.twitter.com/b0e4drbl8p
– Encrypt0 (@ 0xencryptto) March 6, 2025
Breakup This action follows the controversial decision of Tether to freeze $ 28 million in USDT associated with Garantex on March 6. Furthermore, the participation of the Stablecoin transmitter demonstrates the growing collaborative approach between law enforcement agencies and major cryptographic organizations to combat illicit activities within the digital asset ecosystem.
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Tether blockade and Guarantex response
Reacting to the situation, Guarantx published a statement via his telegram channel accusing the attachment and reiterating its determination to solve the problem.
“We are fighting and will not abandon,” said the exchange, adding that he had “temporarily suspended all the services, including the withdrawals of cryptocurrency while our entire team solves this problem”.
The frozen assets would amount to more than 2.5 billion rubles (around 25 million dollars), which still complicates the situation of the exchange, which has been under control for years.
Guarantx has been a thorn on the side of Western authorities for years. Sanctioned in April 2022 by the US Treasury OFAC – with the support of the FBI and the German authorities – the exchange was accused of having sent more than $ 100 million to shady operators.
Among the accusations were nearly $ 6 million linked to the famous Ransomware gang and $ 2.6 million from Hydra, the Darknet bazaar, now dead.
Implications for the cryptography industry
The seizure of Guarantx assets and the withdrawal of its site is only the last salvo of the fight against the soul of Crypto. By alleging links with sanctioned Russian entities, the American authorities fold the crypto into a broader story of the geopolitical application.
This also raises the question – the US and Russian officials reprimanded the cryptocurrency or the hobby quietly in a digital arms race?
The disassembly of the guarantee website increases the fight against cryptographic platforms accused of having fueled illicit transactions. With international agencies that come together, the message is clear: the day of judgment arrives for unregulated exchanges.
The benefits could reshape the future of the crypto. Tether’s role in the freezing of assets underlines an industry that works on a border between compliance and freedom. Regulators call it responsibility; The skeptics call it the slow death of centralization.
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Main to remember
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Guarantx, the exchange of Russian crypto with alleged ties with shady banks and criminal networks, has been seized.
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The benefits could reshape the future of the crypto.
The secret services of Russia have just entered an exchange of Russian crypto: the hyperbocinization race is activated? appeared first on 99Bitcoins.
