Treasury Crypto Security Sanction Blocks Exchange Favored by Ransomware Actors

The U.S. government sanctioned the cryptocurrency exchange SUEX for moving money for ransomware actors. In essence, that means U.S. citizens and corporate entities are banned from using it. The statement, released in September, is part of a wider effort to boost crypto security and “disrupt criminal networks and currency exchanges”. The First Crypto Security Sanction […]

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US Government tells firms not to give in to ransomware demands, as first crypto exchange sanctioned for laundering cyber ransoms

The US Government has underlined once again that it continues to strongly discourage organisations hit by ransomware from giving in to extortion demands, as for the first time it sanctions a cryptocurrency exchange “for laundering cyber ransoms.”

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