US Sanctions Crypto Exchange Over Ransomware Ties - Revision history

KristyHolyfield at 10:24, 7 January 2024

2024-01-07T10:24:46Z

← Older revision		Revision as of 06:24, 7 January 2024
Line 1:		Line 1:
	Washington has announced sanctions against a cryptocurrency exchange it says has worked with ransomware attackers<br> <br>The United States imposed sanctions Tuesday on cryptocurrency exchange SUEX for its ties to ransomware extortionists, as Washington seeks to crack down on a sharp rise in digital crime attacks.<br> <br>The move marks the first US sanctions against a virtual currency exchange and they come as President Joe Biden's administration has been under pressure to act after high-profile hacks and data breaches.<br> <br>The attacks on a major US oil pipeline, a meatpacking company and Microsoft Exchange email system caused real-world problems and drew attention to the vulnerability to US infrastructure to digital pirates.<br> <br>The US Treasury Department, which announced the sanctions, did not say if SUEX was implicated in any of those incidents, but noted that 40 percent of the exchange's known transaction history was linked to "illicit actors."<br> <br>"Some virtual currency exchanges are exploited by malicious actors, but others, as is the case with SUEX, facilitate illicit activities for their own illicit gains," a Treasury statement said, adding they are the first sanctions against a crypto exchange.<br> <br>As a result of the sanctions, any assets of the platform under US jurisdiction are now blocked and Americans are barred from using SUEX.<br> <br>- $10 million reward -<br> <br>Crypto experts from Chainalysis noted large sums had moved through the platform, much of it from suspect sources.<br> <br>"In Bitcoin alone, SUEX's deposit addresses hosted at large exchanges have received over $160 million from ransomware actors, scammers and [https://mydarkmarket.com darknet ~~market~~] [https://mydarkmarket.com ~~dark web~~ market ~~urls~~] operators," said a report from Chainalysis, which provides data on cryptocurrency.<br> <br>SUEX is registered in the Czech Republic, and has branches in Russia and the Middle East.<br> <br>Chainalysis said the US designation is important because it "represents significant action" by Washington to combat the money laundering that is key to digital crime.<br> <br>The United States also issued a fresh warning against companies and individuals paying ransoms to unlock their files seized by ransomware hackers.<br> <br>It noted that Americans could face penalties themselves if they are involved in making ransom payments as the United States already has a blacklist of people and countries, some of which are linked to ransomware attacks.<br> <br>Tuesday's announcement comes after Washington in July offered $10 million rewards for information on online extortionists abroad as it stepped up efforts to halt a sharp rise in ransomware attacks.<br> <br>This year has seen a slew of prominent ransomware attacks which have disrupted a US pipeline, a meat processor ~~and~~ ~~dark~~ [https://mydarkmarket.com ~~darknet market~~] ~~link~~ the software firm Kaseya -- affecting 1,500 businesses, ~~dark [https://mydarkmarket.com darknet market] url~~ many of them far from the limelight.<br> <br>Some $350 million was paid to malicious cyber actors last year, a spike of 300 percent from 2019, according to the Department of Homeland Security.<br> <br>US officials say many of the attacks originate in Russia although they have debated to what extent there is state involvement.<br><br>Russia denies responsibility.<br>		Washington has announced sanctions against a cryptocurrency exchange it says has worked with ransomware attackers<br> <br>The United States imposed sanctions Tuesday on cryptocurrency exchange SUEX for its ties to ransomware extortionists, as Washington seeks to crack down on a sharp rise in digital crime attacks.<br> <br>The move marks the first US sanctions against a virtual currency exchange and they come as President Joe Biden's administration has been under pressure to act after high-profile hacks and data breaches.<br> <br>The attacks on a major US oil pipeline, a meatpacking company and [https://mydarkmarket.com dark web marketplaces] Microsoft Exchange email system caused real-world problems and drew attention to the vulnerability to US infrastructure to digital pirates.<br> <br>The US Treasury Department, which announced the sanctions, did not say if SUEX was implicated in any of those incidents, but noted that 40 percent of the exchange's known transaction history was linked to "illicit actors."<br> <br>"Some virtual currency exchanges are exploited by malicious actors, but others, as is the case with SUEX, facilitate illicit activities for their own illicit gains," a Treasury statement said, adding they are the first sanctions against a crypto exchange.<br> <br>As a result of the sanctions, any assets of the platform under US jurisdiction are now blocked and Americans are barred from using SUEX.<br> <br>- $10 million reward -<br> <br>Crypto experts from Chainalysis noted large sums had moved through the platform, much of it from suspect sources.<br> <br>"In Bitcoin alone, SUEX's deposit addresses hosted at large exchanges have received over $160 million from ransomware actors, scammers and [https://mydarkmarket.com darknet markets onion] [https://mydarkmarket.com darknet market] operators," said a report from Chainalysis, [https://mydarkmarket.com darknet market] lists which provides data on cryptocurrency.<br> <br>SUEX is registered in the Czech Republic, and has branches in Russia and the Middle East.<br> <br>Chainalysis said the US designation is important because it "represents significant action" by Washington to combat the money laundering that is key to digital crime.<br> <br>The United States also issued a fresh warning against companies and individuals paying ransoms to unlock their files seized by ransomware hackers.<br> <br>It noted that Americans could face penalties themselves if they are involved in making ransom payments as the United States already has a blacklist of people and countries, some of which are linked to ransomware attacks.<br> <br>Tuesday's announcement comes after Washington in July offered $10 million rewards for information on online extortionists abroad as it stepped up efforts to halt a sharp rise in ransomware attacks.<br> <br>This year has seen a slew of prominent ransomware attacks which have disrupted a US pipeline, a meat processor [https://mydarkmarket.com dark web link] web marketplaces and the software firm Kaseya -- affecting 1,500 businesses, many of them far from the limelight.<br> <br>Some $350 million was paid to malicious cyber actors last year, a spike of 300 percent from 2019, according to the Department of Homeland Security.<br> <br>US officials say many of the attacks originate in Russia although they have debated to what extent there is state involvement.<br><br>Russia denies responsibility.<br>

ArcherSaranealis at 09:22, 7 January 2024

2024-01-07T09:22:19Z

← Older revision		Revision as of 05:22, 7 January 2024
Line 1:		Line 1:
	Washington has announced sanctions against a cryptocurrency exchange it says has worked with ransomware attackers<br> <br>The United States imposed sanctions Tuesday on cryptocurrency exchange SUEX for its ties to ransomware extortionists, as Washington seeks to crack down on a sharp rise in digital crime attacks.<br> <br>The move marks the first US sanctions against a virtual currency exchange and they come as President Joe Biden's administration has been under pressure to act after high-profile hacks and ~~darkmarket link~~ data breaches.<br> <br>The attacks on a major ~~[https://mydarkmarket.com dark websites]~~ US oil pipeline, a meatpacking company and Microsoft Exchange email system caused real-world problems and drew attention to the vulnerability to US infrastructure to digital pirates.<br> <br>The US Treasury Department, which announced the sanctions, did not say if SUEX was implicated in any of those incidents, but noted that 40 percent of the exchange's known transaction history was linked to "illicit actors."<br> <br>"Some virtual currency exchanges are exploited by malicious actors, but others, as is the case with SUEX, facilitate illicit activities for their own illicit gains," a Treasury statement said, adding they are the first sanctions against a crypto exchange.<br> <br>As a result of the sanctions, any assets of the platform under US jurisdiction are now blocked and ~~[https://mydarkmarket.com dark web market links] websites~~ Americans are barred from using SUEX.<br> <br>- $10 million reward -<br> <br>Crypto experts from Chainalysis noted large sums had moved through the platform, much of it from suspect sources.<br> <br>"In Bitcoin alone, SUEX's deposit addresses hosted at large exchanges have received over $160 million from ransomware actors, scammers and [https://mydarkmarket.com darknet market] operators," said a report from Chainalysis, which provides data on cryptocurrency.<br> <br>SUEX is registered in the Czech Republic, and has branches in Russia and the Middle East.<br> <br>Chainalysis said the US designation is important because it "represents significant action" by Washington to combat the money laundering that is key to digital crime.<br> <br>The United States also issued a fresh warning against companies and individuals paying ransoms to unlock their files seized by ransomware hackers.<br> <br>It noted that Americans could face penalties themselves if they are involved in making ransom payments as the United States already has a blacklist of people and countries, some of which are linked to ransomware attacks.<br> <br>Tuesday's announcement comes after Washington in July offered $10 million rewards for information on online extortionists abroad as it stepped up efforts to halt a sharp rise in ransomware attacks.<br> <br>This year has seen a slew of prominent ransomware attacks which have disrupted a US pipeline, [https://mydarkmarket.com ~~dark web~~ market ~~list~~] ~~a meat processor and~~ the software firm Kaseya -- affecting 1,500 businesses, many of them far from the limelight.<br> <br>Some $350 million was paid to malicious cyber actors last year, ~~[https://mydarkmarket.com darkmarket link]~~ a spike of 300 percent from 2019, according to the Department of Homeland Security.<br> <br>US officials say many of the attacks originate in Russia although they have debated to what extent there is state involvement.<br><br>Russia denies responsibility.<br>		Washington has announced sanctions against a cryptocurrency exchange it says has worked with ransomware attackers<br> <br>The United States imposed sanctions Tuesday on cryptocurrency exchange SUEX for its ties to ransomware extortionists, as Washington seeks to crack down on a sharp rise in digital crime attacks.<br> <br>The move marks the first US sanctions against a virtual currency exchange and they come as President Joe Biden's administration has been under pressure to act after high-profile hacks and data breaches.<br> <br>The attacks on a major US oil pipeline, a meatpacking company and Microsoft Exchange email system caused real-world problems and drew attention to the vulnerability to US infrastructure to digital pirates.<br> <br>The US Treasury Department, which announced the sanctions, did not say if SUEX was implicated in any of those incidents, but noted that 40 percent of the exchange's known transaction history was linked to "illicit actors."<br> <br>"Some virtual currency exchanges are exploited by malicious actors, but others, as is the case with SUEX, facilitate illicit activities for their own illicit gains," a Treasury statement said, adding they are the first sanctions against a crypto exchange.<br> <br>As a result of the sanctions, any assets of the platform under US jurisdiction are now blocked and Americans are barred from using SUEX.<br> <br>- $10 million reward -<br> <br>Crypto experts from Chainalysis noted large sums had moved through the platform, much of it from suspect sources.<br> <br>"In Bitcoin alone, SUEX's deposit addresses hosted at large exchanges have received over $160 million from ransomware actors, scammers and [https://mydarkmarket.com darknet market] [https://mydarkmarket.com dark web market urls] operators," said a report from Chainalysis, which provides data on cryptocurrency.<br> <br>SUEX is registered in the Czech Republic, and has branches in Russia and the Middle East.<br> <br>Chainalysis said the US designation is important because it "represents significant action" by Washington to combat the money laundering that is key to digital crime.<br> <br>The United States also issued a fresh warning against companies and individuals paying ransoms to unlock their files seized by ransomware hackers.<br> <br>It noted that Americans could face penalties themselves if they are involved in making ransom payments as the United States already has a blacklist of people and countries, some of which are linked to ransomware attacks.<br> <br>Tuesday's announcement comes after Washington in July offered $10 million rewards for information on online extortionists abroad as it stepped up efforts to halt a sharp rise in ransomware attacks.<br> <br>This year has seen a slew of prominent ransomware attacks which have disrupted a US pipeline, a meat processor and dark [https://mydarkmarket.com darknet market] link the software firm Kaseya -- affecting 1,500 businesses, dark [https://mydarkmarket.com darknet market] url many of them far from the limelight.<br> <br>Some $350 million was paid to malicious cyber actors last year, a spike of 300 percent from 2019, according to the Department of Homeland Security.<br> <br>US officials say many of the attacks originate in Russia although they have debated to what extent there is state involvement.<br><br>Russia denies responsibility.<br>

ArcherSaranealis: Created page with "Washington has announced sanctions against a cryptocurrency exchange it says has worked with ransomware attackers

The United States imposed sanctions Tuesday on cryptocurrency exchange SUEX for its ties to ransomware extortionists, as Washington seeks to crack down on a sharp rise in digital crime attacks.

The move marks the first US sanctions against a virtual currency exchange and they come as President Joe Biden's administration has been under pressur..."

2024-01-07T05:24:20Z

Created page with "Washington has announced sanctions against a cryptocurrency exchange it says has worked with ransomware attackers The United States imposed sanctions Tuesday on cryptocurrency exchange SUEX for its ties to ransomware extortionists, as Washington seeks to crack down on a sharp rise in digital crime attacks. The move marks the first US sanctions against a virtual currency exchange and they come as President Joe Biden's administration has been under pressur..."

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Washington has announced sanctions against a cryptocurrency exchange it says has worked with ransomware attackers The United States imposed sanctions Tuesday on cryptocurrency exchange SUEX for its ties to ransomware extortionists, as Washington seeks to crack down on a sharp rise in digital crime attacks. The move marks the first US sanctions against a virtual currency exchange and they come as President Joe Biden's administration has been under pressure to act after high-profile hacks and darkmarket link data breaches. The attacks on a major [https://mydarkmarket.com dark websites] US oil pipeline, a meatpacking company and Microsoft Exchange email system caused real-world problems and drew attention to the vulnerability to US infrastructure to digital pirates. The US Treasury Department, which announced the sanctions, did not say if SUEX was implicated in any of those incidents, but noted that 40 percent of the exchange's known transaction history was linked to "illicit actors." "Some virtual currency exchanges are exploited by malicious actors, but others, as is the case with SUEX, facilitate illicit activities for their own illicit gains," a Treasury statement said, adding they are the first sanctions against a crypto exchange. As a result of the sanctions, any assets of the platform under US jurisdiction are now blocked and [https://mydarkmarket.com dark web market links] websites Americans are barred from using SUEX. - $10 million reward - Crypto experts from Chainalysis noted large sums had moved through the platform, much of it from suspect sources. "In Bitcoin alone, SUEX's deposit addresses hosted at large exchanges have received over $160 million from ransomware actors, scammers and [https://mydarkmarket.com darknet market] operators," said a report from Chainalysis, which provides data on cryptocurrency. SUEX is registered in the Czech Republic, and has branches in Russia and the Middle East. Chainalysis said the US designation is important because it "represents significant action" by Washington to combat the money laundering that is key to digital crime. The United States also issued a fresh warning against companies and individuals paying ransoms to unlock their files seized by ransomware hackers. It noted that Americans could face penalties themselves if they are involved in making ransom payments as the United States already has a blacklist of people and countries, some of which are linked to ransomware attacks. Tuesday's announcement comes after Washington in July offered $10 million rewards for information on online extortionists abroad as it stepped up efforts to halt a sharp rise in ransomware attacks. This year has seen a slew of prominent ransomware attacks which have disrupted a US pipeline, [https://mydarkmarket.com dark web market list] a meat processor and the software firm Kaseya -- affecting 1,500 businesses, many of them far from the limelight. Some $350 million was paid to malicious cyber actors last year, [https://mydarkmarket.com darkmarket link] a spike of 300 percent from 2019, according to the Department of Homeland Security. US officials say many of the attacks originate in Russia although they have debated to what extent there is state involvement. Russia denies responsibility.