US Treasury Imposes Sanctions Against Suex Cryptocurrency Exchanger With Russian Roots – Bits Media

Foreign Assets Control Department (I DO IT) The United States has added the address of the over-the-counter trading platform Suex OTC to the “sanctions list” in connection with money laundering.

Suex registered in Prague, but operates in Russia and is mainly aimed at the Russian market. In the sites even have offices in Moscow and St. Petersburg.

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according to US law enforcement agencies, the exchanger is used for laundering cryptocurrencies, obtained by criminal means, eg, during ransomware attacks, scams and sales on darknet markets. Besides, money was withdrawn from BTC-e exchange wallets through Suex.

OFAC relied on Chainalysis in its investigation. According to analysts, over the past three years, money has been laundered through Suex $160 million per bitcoins. In total, about two dozen cryptocurrency addresses are included in the list..

“The best way to counter ransomware is to destroy their supply chains.”. We've been watching Suex for quite some time now. But such departments, like the Treasury and OFAC, It takes a long time to complete the necessary paperwork", – said Chainalysis employee Gurvase Grigg (Gurvais Grigg).

Recall, that in April OFAC imposed sanctions against 16 groups and 16 persons, allegedly trying “influence the results of the presidential election” With the help of cryptocurrencies.