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– U.S. government sanctions Russian crypto exchanges Garantex and Grinex, offering $6M bounty for leadership arrest to disrupt cybercrime networks.
– Garantex processed $96B in crypto transactions (2019-2025), linked to ransomware, hacking, and terrorism financing, with Grinex as its alleged successor.
– Treasury targets 3 executives and 6 affiliated entities, aiming to cut financial channels for illicit funds across borders.
– Strategic timing precedes Trump-Putin summit; action signals U.S. emphasis on cybersecurity amid global crypto regulation efforts.
– Sanctions may set precedent for future operations, pushing crypto industry toward stricter compliance measures against digital crime.
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