October 5th 2026, 4:30 AM
Japan Targets Russian Crypto Exchange Garantex
Key Summary
Japan's Ministry of Foreign Affairs has frozen Garantex, a Russian cryptocurrency exchange, due to its alleged handling of over $60 billion in transactions following US sanctions. The move is part of a broader sanctions package against Russia. Garantex had processed over $60 billion in transactions after the US sanctions landed in 2022. The US Treasury says Garantex staff had already shifted customer deposits to successor exchange Grinex.
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Garantex Added to Japan's Asset Freeze List
Japan added Russian crypto exchange Garantex to its asset-freeze list this week, joining the U.S. and European Union in targeting a platform Treasury says handled more than $100 million tied to ransomware and other illicit activity.Unique Details of Garantex
There’s one catch. U.S. authorities seized Garantex’s domain in March 2025, and Treasury says its staff had already shifted to a new domain before the seizure.#Garantex#Russia#Crypto#EU#US