AML Company Finds $15M of Garantex Reserves

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Global Ledger, a company that provides a crypto Anti-Money Laundering (AML) toolset, has identified over $15 million in active reserves from crypto exchange Garantex, some of which are on the move.

According to Global Ledger’s report, a dormant Garantex Ethereum wallet began accumulating Ether (ETH) on March 6, eventually funneling $2.3 million in ETH to Tornado Cash. That wallet still holds $6.1 million in ETH, which remains stagnant.

Garantex ETH flows. Source: Global Ledger

The same pattern was found for Bitcoin (BTC) holdings, the report says….



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AML Company Finds $15M of Garantex Reserves


Global Ledger, a company that provides a crypto Anti-Money Laundering (AML) toolset, has identified over $15 million in active reserves from crypto exchange Garantex, some of which are on the move.

According to Global Ledger’s report, a dormant Garantex Ethereum wallet began accumulating Ether (ETH) on March 6, eventually funneling $2.3 million in ETH to Tornado Cash. That wallet still holds $6.1 million in ETH, which remains stagnant.

Garantex ETH flows. Source: Global Ledger

The same pattern was found for Bitcoin (BTC) holdings, the report says….



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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