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9/21/2021, 4:54 PM (Source: TeleTrader)
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US accuses crypto exchange of hacking ties

The United States Department of the Treasury's Office of Foreign Assets Control (OFAC) announced on Tuesday it has sanctioned cryptocurrency exchange SUEX OTC over its alleged ties to ransomware attacks.

According to Treasury Deputy Secretary Wally Adeyemo's notes to the press, the move should be viewed as a "signal" of Washington's "intention to expose and disrupt the illicit infrastructure using these attacks."

The Treasury added that the US Federal Bureau of Investigation (FBI) played a role in identifying the exchange.

Baha Breaking the News (BBN) / BU