The US Treasury Department has for the first time sanctioned cryptocurrency exchange, a Russian-based Suex that is registered in the Moscow City business compound and operates physical as well as virtual exchanges.
Suex is allegedly responsible for over $480 million of unlawful operations, has been used for ransomware attacks and operated transfers to and from Finiko crypto ponzi scheme and Russia’s largest online narcotics store Hydra. Over 40% of the transactions on Suex are allegedly unlawful and are linked to illegal incomes and at least eight types of ransomware variants, the OFAC claims.
As followed by bne IntelliNews, in the past months following recent cases of Russian-linked cyberespionage and ransomware attacks, US President Joe Biden has cranked up the pressure on Vladimir Putin to act, presenting a thorny problem for the Russian government.
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