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Treasury sanctions crypto exchange SUEX for assisting in ransomware heists

The Biden administration is taking action to safeguard against ransomware attacks by penalizing cryptocurrency exchanges that help facilitate illegal attacks, while also laying out guidelines for companies to safeguard against said attacks. In its strongest actions to date, the U.S. Treasury will impose sanctions on Suex – a virtual currency exchange that has fronted transactions involving illegal profits for at least eight different ransomware attacks. Analysis of known SUEX transactions… Source link

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