1. Stolen crypto from Atomic wallets is being laundered through Garantex: According to Elliptic, a blockchain analytics firm, stolen cryptocurrency from Atomic wallets is being laundered through Garantex, a Russian-based exchange that is under sanctions by the US government. The stolen funds are being converted into other cryptocurrencies and then withdrawn to other exchanges or wallets.
2. Garantex denies involvement: Garantex has denied any involvement in the laundering of stolen cryptocurrency and has stated that it has strict compliance procedures in place to prevent such activities. The exchange has also stated that it is cooperating with law enforcement agencies to investigate the matter.
3. Atomic wallet users urged to take precautions: Users of Atomic wallets have been urged to take precautions to protect their funds, including using strong passwords and enabling two-factor authentication. The wallet provider has also stated that it is working with law enforcement agencies to investigate the theft.
In summary, the laundering of stolen cryptocurrency through a sanctioned exchange highlights the need for increased security measures and regulatory oversight in the cryptocurrency industry. Users of Atomic wallets should take precautions to protect their funds, and exchanges must implement strict compliance procedures to prevent money laundering and other illegal activities.
