US Sanctions Cryptocurrency Exchange SUEX for Aiding Ransomware Gangs

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Ravie Lakshmanan

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The U.S. Treasury Department on Tuesday imposed sanctions on Russian cryptocurrency exchange Suex for helping facilitate and launder transactions from at least eight ransomware variants as part of the government's efforts to crack down on a surge in ransomware incidents and make it difficult for bad actors to profit from such attacks using digital currencies. "Virtual currency exchanges such as

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