The Office of Foreign Assets Control (OFAC) of the United States added the address of the Russian cryptocurrency exchange Suex to the “sanctions list” in connection with money laundering on the site.
The Suex exchange is registered in Prague, but operates in Russia. The site even has offices in Moscow and St. Petersburg. By
data US law enforcement agencies, the exchange is used to launder criminally obtained cryptocurrencies, for example, during ransomware attacks, fraud and sales on darknet markets. In addition, through Suex, funds were withdrawn from the BTC-e exchange wallets.
OFAC relied on Chainalysis for its investigation. According to analysts, over the past three years, $ 160 million in bitcoin has been laundered through Suex. In total, the list includes about two dozen cryptocurrency addresses.
“The best way to counter ransomware viruses is to destroy their supply chains. We’ve been watching Suex for quite some time now. But such departments as the Ministry of Finance and OFAC take a long time to draw up the necessary paperwork, ”said Gurvais Grigg, an employee of Chainalysis.
Recall that in April, OFAC imposed sanctions against 16 groups and 16 individuals who allegedly tried to influence the results of the presidential election using cryptocurrencies.
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