Garantex’s Grand Disguise: The Crypto Comedy of Errors! 🎭💰

Ah, dear audience! Gather ’round, for I bring tidings of a most curious affair! The notorious Garantex, a Russian crypto exchange, once shunned by the mighty US, has donned a new mask and re-emerged as Grinex! 🎭

According to the esteemed Swiss oracle of blockchain, Global Ledger, our dear Garantex has cunningly transferred its liquidity and loyal customers to this fresh-faced Grinex. How delightful! One might say it’s a game of musical chairs, but with far more dubious intentions! 🎶

In a most scandalous revelation, it appears that Garantex has laundered a staggering $60 million worth of ruble-backed stablecoins, A7A5, through a rather theatrical process of burning and reminting—like a magician making coins disappear! 🪄✨ These funds, now as clean as a whistle, have found their way to Grinex, allowing it to prance about with pristine records!

Lo and behold! Grinex has begun to receive a veritable flood of transactions, with over $29 million pouring in by mid-March, shortly after Garantex took its final bow. Blockchain data reveals a most curious dance of funds, flitting through one-time-use wallets before settling into Grinex’s coffers. A ballet of deceit, if you will! 💃🕺

Moreover, whispers from the shadows suggest that some users have discovered their previously blocked treasures from Garantex now gleaming in their Grinex accounts. How convenient! And, in a twist worthy of a farce, a Grinex staff member confessed that customers have been making pilgrimages to Garantex’s office to transfer their riches. A true comedy of errors! 😂

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Even CoinMarketRating, that ever-watchful eye of the crypto realm, has confirmed that Grinex is but a phoenix rising from the ashes of Garantex, birthed by the same crafty team! 🔥

Let us not forget, dear friends, that Garantex was sanctioned by the U.S. Treasury in 2022 for its alleged role in facilitating nefarious transactions. The European Union, not to be outdone, joined the fray with its own sanctions in February 2025. Yet, like a stubborn weed, it continued to thrive, processing funds through sanctioned banks to cater to its local clientele. 🌱

Alas, the curtain fell on Garantex on March 6, just days after Tether decided to freeze nearly 2.5 billion USDT in ruble-backed stablecoins. And as if scripted by fate, a week later, the Indian authorities apprehended Garantex’s co-founder, Aleksej Bešciokov, who now awaits his own dramatic exit—extradition! 🎭

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2025-03-20 10:21