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Cryptocurrency addresses allegedly used by Russian exchange Suex, recently placed under U.S. sanctions, have received more than $934 million in crypto assets, blockchain analysis suggests. According to the Treasury Department, over 40% of the platform’s transactions involved criminal actors. A Suex co-founder has denied any illegal activity. Sanctioned Crypto Broker Suex Processed $370 Million of … Read more
The U.S. Treasury Department has blacklisted Suex, a cryptocurrency broker based in Russia, for its money laundering activities. The platform is suspected of processing hundreds of millions of dollars in crypto transactions related to scams, ransomware attacks, darknet markets, and the infamous BTC-e exchange. OFAC Adds Russian Crypto OTC Exchange Suex to Blacklist The Office … Read more
The government agency hinted at possible additional sanctions for “financial institutions, cyber insurance firms, and companies involved in digital forensics and incident response” that facilitated ransomware payments. Go to Source Powered by WPeMatico
Senator Hassan wants federal agencies to take more action while Senator Lummis is more concerned with stifling innovation. Go to Source Powered by WPeMatico
Scams make up the largest share of funds sent from Eastern Europe to illicit addresses. Go to Source Powered by WPeMatico
The United States is offering crypto assets to incentivize white-hat hackers to uncover state-sponsored actors and potential terrorists on the dark web. Go to Source Powered by WPeMatico
The IT firm denies that it paid a ransom to the Russian hacker group in exchange for the decryption tool. Go to Source Powered by WPeMatico
Michele Korver’s appointment to the U.S. Financial Crimes Enforcement Network promises to reduce illicit financial practices within the crypto space. Go to Source Powered by WPeMatico
Joe Biden wants to crackdown on ransomware according to statements he made on Friday, after hackers hijacked software from a Miami-based IT supplier called Kaseya. Hundreds of American businesses were affected by the breach as the attackers encrypted the files of some 200 clients. Biden said on Friday that he’s ordered an investigation into the … Read more
The Financial Crimes Enforcement Network (FinCEN) has named “cybercrime, including relevant cybersecurity and virtual currency considerations” a national priority. In particular, the Treasury is concerned about the “misuse of virtual assets that exploits and undermines their innovative potential, including through laundering of illicit proceeds.” FinCEN, a bureau of the U.S. Department of the Treasury, published … Read more
