Russian cryptocurrency exchange Garantex has reportedly moved $15 million in digital assets through privacy-enhancing tools like mixers and cross-chain bridges despite ongoing global sanctions. U.S. and European sanctions targeting Garantex’s illicit activities related to ransomware are a testament to the challenges faced in regulating the decentralized cryptocurrency industry. 
The exchange leverages these technologies to circumvent regulatory constraints. Despite being targeted by sanctions, Garantex continues operating, with $15 million tracked through these cross-chain solutions. U.S. Department of Justice (DoJ) officials have coordinated action against Garantex with Germany and Finland to disrupt its online infrastructure in March 2025. 
Blockchain analysis confirms the evasion strategies employed, revealing how exchanges are turning towards decentralized assets to maintain operations amidst regulatory pressure. 
The resilience of Garantex-linked movements raises doubts regarding the effectiveness of current regulations. History indicates entities often transition to successor platforms like Grinex to avoid scrutiny. 