The U.S. government continues its fight against the already closed exchange Garantex, accusing it of conducting large illegal transactions. The Department of State and the Treasury Department have announced new sanctions against the Russian platform.
Now the authorities have offered a reward of up to $6 million for information about the leadership of Garantex. $5 million will be given for information about Russian citizen Alexander Mira Serdy. An additional $1 million is offered for information about other top executives of the platform. The U.S. State Department urges anyone with reliable information to contact the Secret Service through secure channels.
At the same time, the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has re-listed Garantex on the sanctions list. Grinex, a recently established exchange that is presumably its successor, was also included. OFAC has also imposed sanctions against three executives of Garantex and six affiliated companies in Russia and Kyrgyzstan, effectively cutting them off from the U.S. financial system.
According to estimates by American investigators, from April 2019 to March 2025, Garantex processed cryptocurrency transactions totaling at least $96 billion. A significant portion of these transactions is believed to be related to criminal activity.