{"id":2474776,"date":"2025-08-14T15:33:02","date_gmt":"2025-08-14T19:33:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-administration-sanctions-crypto-exchange-after-russia-linked-ransomware-attacks-washington-examiner\/"},"modified":"2025-08-14T15:34:47","modified_gmt":"2025-08-14T19:34:47","slug":"trump-administration-sanctions-crypto-exchange-after-russia-linked-ransomware-attacks-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-administration-sanctions-crypto-exchange-after-russia-linked-ransomware-attacks-washington-examiner\/","title":{"rendered":"Trump administration sanctions crypto exchange after Russia-linked ransomware attacks &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-administration-sanctions-crypto-exchange-after-russia-linked-ransomware-attacks-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2474776&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The Trump governance has imposed sanctions on the cryptocurrency exchange Garantex Europe OU for allegedly facilitating over $100 million in payments for cybercriminals linked to Russia, including notorious ransomware actors. The U.S. Department of the Treasury&#8217;s Office of Foreign assets Control (OFAC) stated that Garantex was used to process payments to Russia-linked hackers, contributing to cybercrime and sanctions evasion. In addition to Garantex, OFAC sanctioned Grinex, an exchange established as Garantex&#8217;s successor to bypass sanctions, as well as three Garantex executives and six associated companies in Russia and Kyrgyzstan.The sanctions are part of a broader effort by the U.S. to combat the misuse of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/how-non-fungible-tokens-and-blockchain-are-changing-the-art-and-music-worlds\/\" title=\"How Non-Fungible Tokens And Blockchain Are Changing The Art And Music Worlds\">digital assets<\/a> to support cybercrime, with Treasury officials emphasizing the importance of protecting the integrity of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/exclusive-rep-patrick-mchenry-republicans-have-to-stop-nefarious-efforts-of-biden-admin-progressives-assault-on-bitcoin\/\" title=\"Exclusive -- Rep. Patrick McHenry: Republicans Have to Stop &#039;Nefarious&#039; Efforts of Biden Admin, Progressives&#039; Assault on Bitcoin\">digital asset industry<\/a>. Previous legal actions include indictments against Garantex co-owners and arrests at the U.S. government&#8217;s request. Garantex has been reportedly preferred by various illicit groups, including gangs, hackers, and Hamas-allied organizations.  <\/p>\n<div id=\"ld-4686-3758\"><\/div>\n<p><script>(function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:14832835450050406,size:[0, 0],id:\"ld-4686-3758\"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src=\"https:\/\/cdn2.decide.dev\/_js\/ajs.js\";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,\"script\",\"ld-ajs\");<\/script><\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Trump administration sanctions <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sick-of-communist-like-censorship-heres-a-list-of-popular-uncensored-media-options\/\" title=\"Sick Of Communist-Like Censorship? Here\u2019s A List Of Popular Uncensored Media Options\">crypto exchange<\/a> after Russia-linked ransomware attacks<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2204053\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>The <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/trump-administration\/\" target=\"_blank\" rel=\"noopener\" title=\"Trump administration\">Trump administration<\/a> on Thursday sanctioned a crypto exchange for allegedly facilitating payments for <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/Russia\/\" target=\"_blank\" rel=\"noopener\" title=\"Russia\">Russia<\/a>-linked cybercriminals.<\/p>\n<p>The Department of the Treasury&rsquo;s Office of Foreign Assets Control <a href=\"https:\/\/home.treasury.gov\/news\/press-releases\/sb0225\" target=\"_blank\" rel=\"noopener\" title=\"announced\">announced<\/a> that it sanctioned Garantex Europe OU, which it accused of facilitating over $100 million in payments for &ldquo;notorious ransomware actors and other cybercriminals.&rdquo; The exchange had recently been used to facilitate payments to Russia-linked hackers.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3500096\/trump-demands-elizabeth-warren-drug-test\/\">Trump demands Elizabeth Warren &#8216;take a drug test&#8217;<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3500023\/trump-social-security-90th-anniversary-no-tax\/\">Trump touts &#8216;no tax&#8217; on Social Security to mark program&#8217;s 90th anniversary<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3499709\/watch-live-trump-remarks-90th-anniversary-social-security\/\">WATCH LIVE: Trump delivers remarks on the 90th anniversary of Social Security<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>&ldquo;Digital assets play a crucial role in global innovation and economic development, and the United States will not tolerate abuse of this industry to support cybercrime and sanctions evasion. Exploiting cryptocurrency exchanges to launder money and facilitate ransomware attacks not only threatens our <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/we-got-it-newsmax-reporter-emerald-robinson-national-security-source-confirms-a-piece-of-hardware-has-been-secured-in-germany\/\" title=\"We Got It! - Newsmax Reporter Emerald Robinson: National Security Source Confirms &quot;A Piece of Hardware Has Been Secured&quot; in Germany\">national security<\/a>, but also tarnishes the reputations of <a href=\"https:\/\/amzn.to\/3YuVZYV\" >legitimate virtual asset service providers<\/a>,&rdquo;&nbsp;Undersecretary of the Treasury for Terrorism and Financial Intelligence John Hurley said.<\/p>\n<p>&ldquo;By exposing these malicious actors, Treasury remains committed to and supportive of the digital asset industry&rsquo;s integrity,&rdquo; he added.<\/p>\n<p>In addition to Garantex, OFAC also sanctioned Grinex, an exchange founded as a successor to Garantex to avoid previous sanctions. Three Garantex executives and six linked companies in Russia and Kyrgyzstan were also sanctioned.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/news\/3483992\/russia-airline-cancels-flights-following-cyberattack-pro-ukrainian-group-silent-crow\/\" target=\"_blank\" rel=\"noopener\" title=\"RUSSIA&rsquo;S NATIONAL AIRLINE CANCELS FLIGHTS FOLLOWING CYBERATTACK CLAIMED BY PRO-UKRAINIAN GROUP SILENT CROW\">RUSSIA&rsquo;S NATIONAL AIRLINE CANCELS FLIGHTS FOLLOWING CYBERATTACK CLAIMED BY PRO-UKRAINIAN GROUP SILENT CROW<\/a><\/strong><\/p>\n<p>The sanctions are only the latest move in the U.S. campaign against Garantex. The Department of Justice unsealed indictments against its co-owners, Aleksandr Mira and Aleksej Besciokov, in March. At the request of the U.S., the Lithuanian Besciokov was arrested by India days later.<\/p>\n<p>Garantex is known to be a preferred method for payment of many illicit groups, <a href=\"https:\/\/www.wsj.com\/finance\/currencies\/garantex-russian-crypto-hamas-crime-sanctions-a3648357\" target=\"_blank\" rel=\"noopener\" title=\"including\">including<\/a> gangs, hackers, and the Hamas-allied Palestinian Islamic Jihad.<\/p>\n<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_2204053\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2204053\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump admin sanctions crypto exchange linked to Russia ransomware<\/p>\n","protected":false},"author":2653,"featured_media":2474777,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/08\/Trump-Bitcoin-2024-scaled-866x1024.webp","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[45344,5036,32640],"class_list":["post-2474776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-crypto-exchange","tag-sanctions","tag-trump-administration"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/08\/Trump-Bitcoin-2024-scaled-866x1024.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2474776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2653"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2474776"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2474776\/revisions"}],"predecessor-version":[{"id":2474780,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2474776\/revisions\/2474780"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2474777"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2474776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2474776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2474776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}