Sanctions have been imposed on SUEX, a virtual currency exchange, by the United States Department of the Treasury (USDT) for aiding at least eight ransomware variants in laundering their crypto ransoms, according to a press release. The department’s Office of Foreign Assets Control (OFAC) listed the company as a specially designated national (SDNs) for illicit transactions facilitated on its platform, as per the release. Suex's property and interests in property under U.S. jurisdiction will be blocked due to this designation, and U.S. citizens are prohibited from engaging in transactions with Suex. The USDT has also blocked entities in which Suex owns a stake of 50 percent or more. It warned that financial institutions found to be in business with Suex will attract "sanctions or be subject to an enforcement action". More than 40 percent of Suex’s transactions involve malicious actors,…
