The U.S. Secret Service has reportedly seized the Russian cryptocurrency exchange Garantex, a move that follows numerous allegations of the platform’s involvement in illicit financial activities.

Details about the seizure are still emerging, but sources familiar with the matter indicate that the action is part of a broader investigation into the exchange’s alleged role in facilitating money laundering and other illegal activities. This development highlights the ongoing scrutiny of cryptocurrency platforms and the challenges regulators face in curbing their use for illegal purposes. Further updates are expected as the investigation continues and more information becomes available.