US Treasury sanctions crypto exchange for alleged ransomware attacks

Blacklist of the SUEX exchange

The US Treasury Department has announced for the first time that it will sanction a cryptocurrency exchange for its alleged role in laundering money from ransomware attacks.

The department's Office of Foreign Asset Control (OFAC) has announced a blacklist of the SUEX exchange, due to allegedly having "facilitated transactions involving illicit proceeds from at least eight ransomware variants". It also said that more than 40% of the company's previous transactions are "associated with illicit actors". SUEX is the first crypto exchange on OFAC's blacklist, which also contains 14 bitcoin addresses and four ethereum addresses. US citizens are generally banned from performing transactions with blacklisted entities, and institutions that engage in certain activiti...