The situation involving Garantex “undermines the illusion of control that many still cling to,” according to Global Ledger co-founder and CEO Lex Fisun.
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.
The same pattern was found for Bitcoin (BTC) holdings, the report says. About 2.2 BTC has been bridged to the TRON network, then partially transferred to Grinex.
