US Treasury sanctions crypto exchange for alleged ransomware attacks

clock • 1 min read
US Treasury sanctions crypto exchange for alleged ransomware attacks

The US Treasury Department has announced for the first time that it will sanction a cryptocurrency exchange for its alleged role in laundering money from ransomware attacks. The department's Office of Foreign Asset Control (OFAC) has announced a blacklist of the SUEX exchange, due to allegedly having "facilitated transactions involving illicit proceeds from at least eight ransomware variants". It also said that more than 40% of the company's previous transactions are "associated with illic...

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