Garantex Operations Under Fire: High-Profile Arrests Overseas

Crypto exchange Garantex faces intensified scrutiny as multiple alleged administrators were apprehended in India and other locations. According to US law enforcement, international agencies cooperated in the investigation, signaling mounting pressure on platforms suspected of money laundering. Unconfirmed reports state that a key technical specialist was detained upon arrival in Delhi.

Garantex representatives have not offered detailed statements, but at least 10 major partners are reportedly pulling away to avoid sanctions. Statistics suggest that over the past six months, Garantex transaction volumes may have exceeded $1.5 bln. Analysts are now tracing suspicious transactional networks based on these figures.

Experts believe crackdowns on such platforms are likely to intensify. US regulators previously announced a broad campaign against exchanges neglecting “know your customer” rules. In light of this, Garantex’s long-term outlook appears uncertain, prompting investors to migrate their assets to more compliant venues.