US charges admins of Garantex for allegedly facilitating crypto money laundering for terrorists and hackers
The alleged knowledge of Garantex's crypto exchange being used for money laundering by its administrators is a grave concern. The U.S. prosecutors' claim raises questions about the effectiveness of regulatory bodies in monitoring and preventing such activities.A thorough investigation must be conducted to determine the extent of the administrators' involvement and the measures taken to address the issue. The consequences for those found guilty should be severe, serving as a deterrent to others who may consider engaging in similar illicit activities.The crypto exchange industry must take this incident as an opportunity to re-evaluate its practices and implement necessary reforms to prevent such incidents in the future. This could include increased cooperation with regulatory agencies and enhanced anti-money laundering measures.