The American Treasury Office to control foreign assets (OFAC) Thursday punishment A network of companies, exchanges and executives associated with the closure of Garantex Russian Crypto Rusticed and Stablecoin A7A5 supported by Roble, accusing them of the help of Moscow for international skirt.
OFAC said that GARANTEX, which was established in 2019, and once licensed in Estonia, was processed more than $ 100 million in transactions associated with Ransomware and Darknet. US officials, who were working with the German and Finnish police, seized his web and freezed 26 million dollars in March, which quickly led to Creating behind it Grienx To continue the operations, the officials said.
OFAC said on Thursday that GRINEX moved customer money from GARANTEX and used the A7A5 code to restore access after seizures. The agency said that the Old Vector, which is based in Kyrgyzstan, has been established for the A7A5 Russian users, A7 LLC, which is a cross -border settlement platform.
It is supported by the state -owned Bromsbank (PSB)Which was punished for financing the defense industry, and the politician of Moldovan Ilan Shore, who was convicted in the case of a billion dollar bank fraud, the center of information flexibility I mentioned.
OFAC punishment Old Vector, A7 LLC and the A71 and A7 sub -companies, preventing them from the US dollar -based financial system and banning American persons from interacting with any of these entities or more than ten attributes associated with them.
Key Garantex CEOs, Sergey Mandelv, Alexander Mira Serda and Baville Caravatsky, along with Mendelv Infai Bank, were accused of enabling Russian companies punishable by trade through encryption bars.
Treasury officials said that the procedure, which was coordinated with the US Secret Service and the Federal Investigation Office, was aiming to cut the digital assets channels used in ransom ransom programs and penalties.
John K. said. Hurley, Minister of Treasury, in a statement: “The exploitation of the exchange of cryptocurrency to money laundering and facilitate ransom attacks not only threatens our national security, but also distorts the reputation of providers of legal virtual assets.”
Encryption bars
The A7A5 grew rapidly this year, as it processed about one billion dollars a day by July, according to Blockchain Analytics Elliptic’s a report. The company said that the distinctive symbol supports the “penal evasion plan” enables Russian companies to settle across border payments outside the traditional banking system.
series estimated The volume of cumulative transactions for the distinctive symbol exceeded $ 51 billion until July, and warned that it provides “a new street for the original encryption to overcome interesting sanctions against Russia.”
The company said: “The appearance of the A7A5 network, which was punished today, shows how Russia runs these alternative paid bars.”
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