Global Ledger's exclusive report reveals that despite facing sanctions and shutdowns, Russian exchange Garantex is allegedly still laundering cryptocurrency. On-chain data indicates that Garantex has used Tornado Cash to transfer over $261,000 worth of ETH. The exchange, which has been under scrutiny for money laundering activities, is reportedly finding ways to continue its operations. Despite claims of ceasing operations, Garantex's wallets remain active on Ethereum, with funds being funneled through obfuscation routes. Recent transactions show ETH being moved through intermediary wallets, suggesting ongoing laundering efforts. The exchange, previously known as Grinex, has been linked to receiving funds from criminal activities. The use of Tornado Cash, a mixer service, further complicates the tracing of these transactions. Despite legal challenges, both Garantex and Tornado Cash continue to operate amidst regulatory scrutiny. Read more AI-generated news on: https://app.chaingpt.org/news

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