US sanctions Russia’s largest darknet market and crypto exchange Garantex
2022.04.06 01:21
US sanctions Russia’s largest darknet market and crypto exchange Garantex
The United States Department of the Treasury’s 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, the Federal Bureau of Investigations, the Drug Enforcement Administration, the 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 announced it had shut down Hydra’s servers in Germany and seized more than $25 million worth of Bitcoin (BTC) connected to the marketplace.
