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
Ransomware Group
- Ryuk Sodinokibi Conti
Event Category
- Cryptocurrency
Level of Cooperation
- International
