US sanctions Hydra and Garantex

Event Details

Following a coordinated German law enforcement action, the United States today took further action to combat Russian-related illicit finance and cybercrime by sanctioning the world’s largest darknet market for Russian speakers, Hydra, and the virtual currency exchange Garantex. OFAC’s investigation identified approximately $8 million in ransomware proceeds that transited Hydra’s virtual currency accounts, including from the Ryuk, Sodinokibi, and Conti ransomware variants. The U.S. Department of Treasury also designated Garantex, a virtual currency exchange that has processed millions of dollars in transactions associated with illicit actors, including nearly $6 million from Russian ransomware gang Conti and more than $2 million from Hydra.

Date

05/04/2022

Ransomware Groups

Event Categories

Level of Cooperation

Country

🇺🇸 United States

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