# Russian Crypto Exchange Seized By U.S. Secret Service

*Author: Bankless*
*Published: Mar 7, 2025*
*Source: https://www.bankless.com/fr/read/russian-crypto-exchange-seized-by-u-s-secret-service*

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The U.S. Secret Service, in conjunction with international law enforcement agencies, has seized the website of Garantex, a Russian cryptocurrency exchange. The exchange is accused of having connections with sanctioned Russian banks and criminal organizations.

## **What’s the Scoop?**
- **International Collaboration**: The operation involved the U.S. Secret Service and international law enforcement, highlighting cross-border cooperation in crypto regulations.
- **Ties with Sanctioned Banks**: Garantex has been linked to Russian banks under EU sanctions, with allegations of facilitating criminal activities.
- **Long Time Coming**: Garantex has been under investigation for years, making this a significant breakthrough for authorities.