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US targets Russian cryptocurrency exchange Garantex with sanctions

ReutersAug 14, 2025 3:40 PM

Aug 14 (Reuters) - The U.S. State Department and U.S. Treasury said on Thursday they are targeting Russian cryptocurrency exchange Garantex and its leaders with sanctions and are offering rewards up to $6 million for information leading to their arrests.

Garantex is allegedly used by cybercriminals and cybercrime organizations for money laundering, they said in a joint statement.

The exchange processed at least $96 billion in cryptocurrency transactions between April 2019 and March 2025, according to the statement.

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