US and UK authorities are jointly investigating $20+ billion worth of crypto transfers routed through Russian exchange Garantex, raising questions about the scale and nature of these financial activities.
KikyoA $20 billion USDT transaction through Russia's Garantex exchange has sparked international investigations, possibly breaching sanctions, with US and UK governments scrutinizing the involvement of shadow banking and geopolitical motives.
Alex通过俄罗斯 Garantex 交易所进行的 200 亿美元 USDT 交易引发了国际调查，可能违反制裁，美国和英国政府正在审查影子银行的参与和地缘政治动机。
AlexTether Treasury's substantial transfer of USDT tokens to Bitfinex, valued at $229,956,875, has stirred interest within the crypto community. As the market reacts to Bitcoin's recent swings and Tether's significant move, the impact on overall market dynamics remains to be seen.
Cheng YuanThe attackers are believed to be the infamous North Korean hacker group Lazarus, as per blockchain security firm Elliptic.
CoindeskBefore moving the stolen funds to Garantex, the hackers used the on-chain trading platform 1inch to exchange the assets for USDT.
cryptopotato
With a peso-backed stablecoin, Tether is essentially “recreating the foreign exchange market with a Tether product,” Ardoino said.
CointelegraphThe sanctions are part of an international effort to "(block) the expansion of malicious cybercrime services, dangerous drugs and other illicit products".
CointelegraphThe sanctions were part of an international effort aimed at “[disrupting the] proliferation of malicious cybercrime services, dangerous drugs and other illegal offerings.”
Cointelegraph