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Russia’s Secret Service Just Seized a Russian Crypto Exchange: Hyperbitcoinization Race is On?

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Guarantax, the exchange of Russian cryptocurrencies with alleged ties with shady banks and criminal networks, has disappeared: its website pulled offline by the Russian secret service in coordination with the global application.

This demolition, years in preparation, was not thin. US and European regulators turn around for centuries, using Guarantex as a child poster for what happens to unregulated platforms that move too far to the fire. The message? The noose is strengthening for cryptols.

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A coordinated repression on Crypto Exchange Russo Guarantex

The Guarantax site is dead, replaced by a noteousness of blunt seizure by the United States and the Russian Secret Service. In addition, the spokesman Nate Herring confirmed Takedown as part of an “current investigation”, although the details remain under casing.

This action follows Tether’s controversial decision to freeze $ 28 million in USDT associated with Guarantex on March 6. It is important to underline that the participation of the Stablecoin broadcaster demonstrates the growing collaborative approach between the police and the main cryptocurrency organizations to combat illegal activities within the digital asset ecosystem.

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Tether Blockade and Guarantax’s response

Reacting to the situation, Guarantex released a declaration through his Telegram channel accusing the Tether and reaffirming his determination to solve the problem.

“We are fighting and we do not give up,” said the exchange, adding that “he temporarily suspended all the services, including cryptocurrency withdrawals while all our team solves this problem”.

According to reports, the frozen activities amount to over 2.5 billion rubles (about $ 25 million), further complicating the situation for the exchange, which has been subjected to control for years.

Guarantax is a thorn on the side of the western authorities for years. Sanctioned in April 2022 by the Ofac of the United States Treasury – with the support of the FBI and the German authorities – the exchange was accused of channeling over $ 100 million to shady operators.

Among the accusations there were almost $ 6 million linked to the notorious Band of Ransomware Conti and $ 2.6 million flowing from Hydra, the now dead Bazaar Darknet.

Implications for the cryptocurrency industry

The seizure of the resources of Guarantex and the takedown of his site is only the last save in the fight on the soul of Crypto. Assuming links with the sanctioned Russian entities, the US authorities are bending the cryptocurrency in a wider narration of geopolitical application.

Does this also raise the question: do we and Russian officials who break down on the cryptocurrency or silently accumulate it in a race for digital armaments?

(Coinmcap)

The removal of the Guarantax website increases the fight against cryptographic platforms accused of feeding illegal transactions. With the international agencies that come together, the message is clear: the day of the judgment is coming for unregulated exchanges.

The relapse could remodel the future of Crypto. The role of Tether in freezing activities indicates a sector that walks a subtle line between conformity and freedom. The regulators call him responsibilities; The skeptics call it the slow death of centralization.

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Keyway keyway

  • Guarantex, the exchange of Russian cryptocurrencies with alleged ties with shady banks and criminal networks, was seized.

  • The relapse could remodel the future of Crypto.

The secret service of Russia has just seized an exchange of Russian cryptocurrencies: is the hyperbitization tender active? He appeared first out of 99bitcoin.

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