The U.S., Germany, and Finland have dismantled the cryptocurrency exchange Garantex, accused of laundering over $100 million in illicit transactions, including ransomware payments, drug trafficking, and financing sanctioned groups. The U.S. confiscated $26 million and seized the exchange's domains, while Germany and Finland seized its servers. The founders face charges of money laundering conspiracy, with penalties of up to 20 years in prison. This action is part of a broader offensive against money laundering in crypto, similar to cases like Tornado Cash and Sinbad.
