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Elliptic Uncloaks $60B in Illicit Garantex Transactions, Aiding US Takedown The U.S. Secret Service, supported by blockchain analytics firm Elliptic, dismantled sanctioned Russian cryptocurrency exchange Garantex and froze $26 million in cryptoassets, authorities announced Friday. U.S. Secret Service, With Elliptic’s Aid, Dismantles Sanctioned Russian Crypto Exchange Garantex Elliptic’s data revealed Garantex executed over $60 billion in transactions since the U.S. and EU imposed sanctions in April 2022 allegedly for laundering funds tied to ransomware, darknet markets, and North Korean cyberattacks. Despite efforts to mask its wallet infrastructure, Elliptic’s report claims Garantex’s total transactions exceeded $96 billion, including moves by Russian elites to evade sanctions after the Ukraine invasion. The blockchain surveillance firm explained that the crypto exchange employed advanced cloaking .

Staking $MINT offers a 15% APR mining reward (funded by MintDAO). Stakers receive sMINT as a staking certificate, which can be further converted into BC721 Mint-eNFT for restaking, allowing them to earn 50% of Mint Blockchain’s Sequencer transaction revenue. Team Overview MintCore – The core development team behind Mint Blockchain, responsible for blockchain architecture, Layer2 development, cross-chain bridges, transaction sequencing, and other key components. NFTScan Labs – The team behind NFTScan, a leading blockchain infrastructure provider and co-founding team of Mint Blockchain, responsible for key infrastructure such as block explorers, NFT browsers, developer documentation, SDK tools, and NFT hardware/software solutions. Funding May 31, 2024 – Completed seed round funding, raising $5 million. Investors: Mask Network, SNZ Holding, GoPlus Security, Jsquare, PANONY, Antalpha Ventures, NFTScan, WhiteList Ventures, Mike, Victor Zhang, BlockAI Ventures, Predator Capital. VI. Potential Risks NFT Market Cyclicality: The NFT market is highly cyclical—experiencing surges in bull markets but contractions in bear markets. Since 2022, the NFT sector has cooled down, with many blue-chip NFT prices dropping significantly. If NFT market activity continues to decline, it could hinder Mint Blockchain’s growth and ecosystem adoption. Developer and Project Adoption: As a new Layer2 network, Mint Blockchain must attract developers and projects to build a thriving ecosystem. However, the majority of NFT activity currently takes place on Ethereum, Solana, and Polygon. To gain traction, Mint Blockchain must offer compelling technical advantages and incentives to encourage developers to migrate or launch applications on its network.

The team behind $Mint Blockchain is comprised of two main groups: *MintCore Team* and *NFTScan Labs*. MintCore Team The MintCore Team focuses on constructing the Mint blockchain network and core components, including open-source code for the blockchain, NIP functions, MRC library, cross-chain bridge, sorter, and other core functions [1). NFTScan Labs NFTScan Labs, on the other hand, is responsible for establishing the Mint blockchain infrastructure, including block explorers, NFT explorers, and developer documentation systems ¹. They also focus on developing essential infrastructure for Mint Blockchain, such as developer SDK tools, NFT software and hardware terminal operating systems, and more ². Additionally, Mint Blockchain has received funding from various investors, including Antalpha Ventures, BlockAI Ventures, GoPlus, Jsquare, and Mask Network, among others ³ ⁴.$MINT

$MINT has been making waves in the crypto market with its strategic developments and growing adoption. Investors and enthusiasts alike are closely watching its trajectory, anticipating how recent advancements might shape its future value. One of the key factors influencing $MINT is its strong financial backing. The project secured $5 million in seed funding from notable investors such as Jsquare, BlockAI Ventures, and Mask Network. This investment highlights confidence in its long-term vision and potential market impact. Another crucial aspect is its integration into the Optimism Superchain, enhancing its scalability and transaction efficiency. This positions $MINT as a viable option for developers seeking a Layer 2 network with lower costs and faster transactions. As the market continues to evolve, $MINT's success will largely depend on user adoption, technological advancements, and broader industry trends. While volatility remains a factor, its growing ecosystem and strategic roadmap could drive long-term value.

Elliptic’s data revealed Garantex executed over $60 billion in transactions since the U.S. and EU imposed sanctions in April 2022 allegedly for laundering funds tied to ransomware, darknet markets, and North Korean cyberattacks. Despite efforts to mask its wallet infrastructure, Elliptic’s report claims Garantex’s total transactions exceeded $96 billion, including moves by Russian elites to evade sanctions after the Ukraine invasion. The blockchain surveillance firm explained that the crypto exchange employed advanced cloaking techniques to evade detection, such as rapidly generating new wallet addresses and leveraging specific privacy tools. Elliptic developed proprietary analytics to identify Garantex-controlled wallets, uncovering transactions predominantly in the stablecoin USDT issued on the Tron blockchain. This methodology, Elliptic contends, enabled real-time sanctions screening for clients and investigators. Garantex purportedly laundered crypto from high-profile crimes, including $30 million from North Korea’s Lazarus Group-linked Horizon Bridge hack and funds tied to ransomware groups Conti, Lockbit, and Black Basta. It also reportedly facilitated tens of millions in darknet market deals, according to Elliptic’s tracing tools. The U.S. Department of Justice (DOJ) cited Elliptic’s intelligence in its indictment, which highlighted Garantex’s role in aiding Russian oligarchs and illicit actors. The takedown follows recent incidents like the $1.4 billion Bybit theft, underscoring rogue exchanges’ role in global crime financing. Elliptic emphasized the technological arms race between bad actors and compliance firms, noting other sanctioned entities now mimic Garantex’s tactics. Its tools, the company asserted, remain integrated into crypto businesses’ compliance programs to flag illicit transactions. Elliptic’s news follows Tether freezing millions of USDT held on Garantex, the exchange halting operations, and the U.S. government seizing its website. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。