# OFAC designates Garantex successor Grinex and associated crypto network

> OFAC redesignated Garantex under cyber authorities and designated successor exchange Grinex, executives, and supporting companies for sanctions evasion, ransomware, and other malicious cyber activity.

- URL: https://riadefi.com/regulation/2025-08-14-ofac-garantex-grinex-crypto-exchange-designations/
- Posture: Enforcement
- Authorities: U.S. Department of the Treasury, Office of Foreign Assets Control
- Event date: 2025-08-14
- Version: 1, published 2026-08-07 (first published 2026-08-07)
- Advisor-relevant: yes

## What changed

OFAC redesignated Garantex under cyber authorities and designated successor exchange Grinex, executives, and supporting companies for sanctions evasion, ransomware, and other malicious cyber activity.

## Who it affects

- Digital-asset exchanges, custodians, investment advisers, compliance vendors, and clients

## What is still open

- Further associated addresses, entities, licenses, and enforcement actions

## What it means for an advisor

- Refresh exchange and address screening, successor-entity detection, beneficial-ownership review, ransomware exposure, and blocked-property controls.

## Sources

1. [OFAC designates Garantex successor Grinex and associated crypto network](https://home.treasury.gov/news/press-releases/sb0225) · U.S. Department of the Treasury, Office of Foreign Assets Control · 2025-08-14


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Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.