Shutdown Russian Crypto Exchange Galentech Reopens New Exchange Activity After Money Laundering

The shuttered Russian crypto exchange Garantex has laundered millions of dollars worth of ruble-based stablecoins and transferred them to a newly established exchange.
After the merger, the Swiss blockchain analysis company Global Ledger reportedly started operating again under a new name.
Ledger said in a report published on the 19th that the operator of Galantex had transferred liquidity and customer deposits to Grinex.
) and said, "Glynnex is the full-fledged successor to Galantex." Global Ledger said, "Glynnex and Galantex will
"We can confidently say that the A7A5 chain is directly connected to both the blockchain and the blockchain itself," he said. "We have observed systematic movements of A7A5 liquidity, the use of disposable wallets, and the presence of addresses associated with Galantex in the chain."
"We have clear on-chain evidence that shows that Galantex is involved in a $60 million ruble-based transaction after completing its investigation on March 13," the platform said.
The researchers discovered on-chain data showing that A7A5, a cryptocurrency from the US, was laundered and sent to an address linked to Grinex.
"The burning and subsequent issuance process will launder and clean up the funds of Galantex," the company said.
"We were able to issue new coins at a system address with a valid record," he explained, adding that "customers were personally visiting the exchange's offices to transfer funds from Galantex to Greenex."
This has been communicated to Global Leisure."