{"id":59657,"date":"2022-04-05T21:51:07","date_gmt":"2022-04-05T18:51:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=59657"},"modified":"2025-09-04T23:03:34","modified_gmt":"2025-09-04T20:03:34","slug":"hydra-and-the-garantex-cryptocurrency-exchange-sanctioned-by-the-united-states","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/hydra-and-the-garantex-cryptocurrency-exchange-sanctioned-by-the-united-states\/","title":{"rendered":"Hydra and the Garantex cryptocurrency exchange sanctioned by the United States"},"content":{"rendered":"

The U.S. Treasury Department imposed sanctions<\/a> on the darknet marketplace Hydra and the cryptocurrency exchange Garantex.<\/p>\n

The Office of Foreign Assets Control (OFAC) identified more than 100 cryptocurrency addresses<\/a> linked to illicit transactions.<\/p>\n

Investigation found that Hydra accounts processed around $8 million linked to ransomware proceeds, including Ryuk, Sodinokibi and Conti.<\/p>\n

An analysis of known Garantex transactions showed that operations totaling more than $100 million were linked to illicit entities and darknet marketplaces. Of these, nearly $6 million came from the Russian hacking group Conti and about $2.6 million from Hydra.<\/p>\n

OFAC blocked any property of Hydra and Garantex within the United States. Residents and citizens are prohibited from dealing with the platforms.<\/p>\n

The investigation builds on recent sanctions against Suex<\/a> and Chatex<\/a>, which, like Garantex, operated from the Federation Tower in Moscow<\/a>.<\/p>\n

The measures are also aimed at preventing Russia from evading sanctions through cryptocurrencies.<\/p>\n

\n

\u201cThis is a signal to criminals that they cannot hide in the darknet, neither in Russia nor anywhere else in the world,\u201d said U.S. Treasury Secretary Janet Yellen.<\/p>\n<\/blockquote>\n

German police confiscated Hydra’s servers<\/a> and seized 543 BTC.<\/p>\n

In early March 2022, the operator of the Garantex exchange abandoned its Estonian license to operate with virtual currencies after discovering a number of systemic violations<\/a> in its operations.<\/p>\n

Read ForkLog’s Bitcoin news in our Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

The U.S. Treasury has imposed sanctions on the Hydra darknet marketplace and the Garantex cryptocurrency exchange.<\/p>\n","protected":false},"author":1,"featured_media":59658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,1470,1720,686,1490],"class_list":["post-59657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-garantex","tag-hydra","tag-sanctions","tag-us-treasury"],"aioseo_notices":[],"amp_enabled":true,"views":"41","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/59657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=59657"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/59657\/revisions"}],"predecessor-version":[{"id":59659,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/59657\/revisions\/59659"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/59658"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=59657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=59657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=59657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}