Hello to all tech enthusiasts! Today, we’re diving into a tumultuous issue surrounding Garantex, a cryptocurrency exchange that’s recently found itself in legal hot water.

The U.S. Department of Justice announced charges against Garantex’s administrators for allegedly facilitating money laundering for criminal organizations.

Administrators Aleksej Besciokov and Aleksandr Mira Serda are accused of knowingly allowing their platform to be used for illegal activities.

According to prosecutors, Garantex processed a staggering $96 billion in transactions since 2019, with many linked to hacking and drug trafficking.

Besciokov even allegedly helped cybercriminals, including the infamous Lazarus Group from North Korea.

Following these developments, law enforcement agencies seized Garantex’s official websites and issued an indictment that left the crypto world buzzing.

The charges carry serious consequences, with the pair facing up to 20 years in prison.

Reports indicate that despite past sanctions, these administrators continued their operations with scant regard for the law.

With over $26 million reportedly frozen in association with Garantex’s activities, the full impact of these charges is yet to unfold.

As this story develops, it serves as a critical reminder of the complex world of cryptocurrencies and the legal ramifications that can follow illicit activities.