{"id":427059,"date":"2022-04-05T23:47:03","date_gmt":"2022-04-05T20:47:03","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/us-sanctions-russias-largest-darknet-market-and-crypto-exchange-garantex\/"},"modified":"2022-04-05T23:47:03","modified_gmt":"2022-04-05T20:47:03","slug":"us-sanctions-russias-largest-darknet-market-and-crypto-exchange-garantex","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/us-sanctions-russias-largest-darknet-market-and-crypto-exchange-garantex\/","title":{"rendered":"# US sanctions Russia&#8217;s largest darknet market and crypto exchange Garantex"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a256fc7d7634\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a256fc7d7634\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/us-sanctions-russias-largest-darknet-market-and-crypto-exchange-garantex\/#%E2%80%9D_US_sanctions_Russias_largest_darknet_market_and_crypto_exchange_Garantex_%E2%80%9C\" >&#8221; US sanctions Russia&#8217;s largest darknet market and crypto exchange Garantex &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_US_sanctions_Russias_largest_darknet_market_and_crypto_exchange_Garantex_%E2%80%9C\"><\/span>&#8221; US sanctions Russia&#8217;s largest darknet market and crypto exchange Garantex &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvNjBkZjU3ZDYtY2RiZS00M2NiLTk3ZDEtZmQ0ZDRkNjkzOWFhLmpwZWc=.jpeg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>The United States Department of the Treasury\u2019s Office of Foreign Assets Control has announced it will impose sanctions on darknet market Hydra and virtual currency exchange Garantex.<\/p>\n<p>In a Tuesday announcement, the Treasury Department <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/home.treasury.gov\/news\/press-releases\/jy0701\">said<\/a> it had worked with the Department of Justice, Federal Bureau of Investigations, Drug Enforcement Administration, Internal Revenue Service Criminal Investigation, and Homeland Security Investigations to sanction the Russia-based darknet marketplace as well as Garantex. The move from the U.S. government agencies came the same day the German Federal Criminal Police <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bka.de\/DE\/Presse\/Listenseite_Pressemitteilungen\/2022\/Presse2022\/220405_PM_IllegalerDarknetMarktplatz.html\">announced<\/a> it had shut down Hydra\u2019s servers in Germany and seized more than $25 million worth of Bitcoin (BTC) connected to the marketplace.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"de\" dir=\"ltr\">Illegaler <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Darknet?src=hash&amp;ref_src=twsrc%5Etfw\">#Darknet<\/a>-Marktplatz \u201eHydra Market\u201c &#8211; die <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/GStA_FFM_ZIT?ref_src=twsrc%5Etfw\">@GStA_FFM_ZIT<\/a> und das <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BKA?src=hash&amp;ref_src=twsrc%5Etfw\">#BKA<\/a> haben heute Morgen die in Deutschland befindliche Serverinfrastruktur sichergestellt und abgeschaltet.<br \/>Bei \u201eHydra Market\u201c handelt es sich um den mutma\u00dflich umsatzst\u00e4rksten illegalen Marktplatz weltweit. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/0jsLn2NYtu\">pic.twitter.com\/0jsLn2NYtu<\/a><\/p>\n<p>\u2014 Bundeskriminalamt (@bka) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/bka\/status\/1511255846445010946?ref_src=twsrc%5Etfw\">April 5, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nAccording to the Treasury Department, the sanctions were part of an international effort aimed at \u201c[disrupting] proliferation of malicious cybercrime services, dangerous drugs, and other illegal offerings.\u201d Treasury Secretary Janet Yellen said ransomware operators and those engaging in other cybercrimes were able to operate in Russia \u201cwith impunity,\u201d posing a potential threat to U.S. interests. <\/p>\n<p>The U.S. government agency alleged Garantex had \u201cwillfully disregard[ed]\u201d anti-money laundering and combating the financing of terrorism requirements imposed by many regulators on virtual currency exchanges. In addition, it hinted the firm was run by individuals exhibiting \u201cwanton disregard for regulations and compliance.\u201d <\/p>\n<p>The Office of Foreign Assets\u2019s investigation found more than $8 million connected to ransomware attacks had moved through Hydra, while Garantex facilitated more than $100 million in transactions \u201cassociated with illicit actors and darknet markets.\u201d The Treasury Department worked with Estonian authorities for its investigation of Garantex, which determined the exchange had continued to carry out operations in Russia. <\/p>\n<p>Treasury also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/home.treasury.gov\/policy-issues\/financial-sanctions\/recent-actions\/20220405\">listed<\/a> more than 100 addresses for BTC, Tether (USDT) and Ether (ETH) connected to Hydra\u2019s and Garantex\u2019s operations as \u2018Specially Designated Nationals\u2019 \u2014 for which \u201cassets are blocked and U.S. persons are <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly prohibited from dealing with them.\u201d In addition, the agency concluded Hydra was \u201creasonably likely to result in, or have materially contributed to, a significant threat to the national security, foreign policy, or economic health or financial stability\u201d of the United States: <\/p>\n<blockquote><p>\u201cSome virtual currency exchanges are exploited by malicious actors, but others, as is the case with Garantex, Suex, and Chatex, facilitate illicit activities for their own gains. Treasury continues to use its authorities against malicious cyber actors and their facilitators in concert with other U.S. departments and agencies, as well as our foreign partners, to disrupt financial nodes tied to ransomware payments, cyber-attacks, and other illicit activity.\u201d<\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>The world has synchronized on Russian crypto sanctions<\/em><\/strong><\/p>\n<p>The U.S. government\u2019s actions followed the Treasury Department imposing sanctions on Russia-based business Suex OTC in September 2021 for allegedly allowing hackers to access cryptocurrency sent as payment for ransomware attacks. Agencies from the FBI to Justice Department have since set up task forces aimed at enforcement and investigation against actors using cryptocurrencies for money laundering and other cybercrimes.<\/p>\n<p>Yellen is expected to speak on the role of crypto in the U.S. economy at American University in Washington, D.C. on Thursday. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/us-sanctions-russia-s-largest-darknet-market-and-crypto-exchange-garantex\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; US sanctions Russia&#8217;s largest darknet market and crypto exchange Garantex &#8220; The United States Department of the Treasury\u2019s Office of Foreign Assets Control has announced it will impose sanctions on darknet market Hydra and virtual currency exchange Garantex. In a Tuesday announcement, the Treasury Department said it had worked with the Department of Justice,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":427060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvNjBkZjU3ZDYtY2RiZS00M2NiLTk3ZDEtZmQ0ZDRkNjkzOWFhLmpwZWc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74860,77279,70934,4975,71523,67874],"class_list":["post-427059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrency-exchange","tag-darknet","tag-regulation","tag-russia","tag-sanctions","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/427059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=427059"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/427059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/427060"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=427059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=427059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=427059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}