Japan’s Ministry of Foreign Affairs Hits Garantex With Asset Freeze

Crypto Insight Summary: Japan added Russian crypto exchange Garantex to its asset-freeze list this week, joining the U.S. and European Union in targeting a platform Treasury says handled more than $100 million tied to ransomware and other illicit activity. There’s one catch. U.S. authorities seized Garantex’s domain in March 2025, and Treasury says its staff had already shifted […] Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Targeting a minor Russian exchange has limited market-wide impact.