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OFAC renews sanctions on Garantex and Grinex

Regulatory/Legal Action
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Last updated
Happening score
H score 19
1 unique sources, 1 articles

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OFAC renewed sanctions on Garantex and extended them to its successor Grinex, escalating U.S. pressure on a crypto exchange network accused of helping ransomware actors and other cybercriminals move illicit funds. The action matters because the ecosystem processed more than $100 million in transactions linked to illicit activity since 2019 and also pulled in executives and affiliated companies.

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Timeline

  1. 15.08.2025 14:27 1 articles · 9mo ago

    OFAC renews sanctions on Garantex and Grinex

    Legal Policy Action Update

    OFAC renewed sanctions against Russian cryptocurrency exchange Garantex and imposed sanctions on its successor Grinex, three Garantex executives, and six associated companies in Russia and the Kyrgyz Republic after determining the network processed more than $100 million in transactions linked to illicit activity since 2019 and enabled ransomware actors and other cybercriminals.

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  2. 15.08.2025 14:27 1 articles · 9mo ago

    Public disclosure adds State Department reward and DoJ seizure actions

    Initial Disclosure

    On 2025-08-15, U.S. agencies publicly detailed the renewed sanctions against Garantex and Grinex, the sanctions on three Garantex executives and six associated companies, the State Department's $5 million reward for Serda and $1 million for other key leaders, and DoJ warrants tied to cryptocurrency seized from Ianis Aleksandrovich Antropenko.

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