U.S. Treasury Department Announces First Sanctions in Crypto-Ransomware Attacks

The U.S. Treasury Department announced sanctions against crypto-ransomware attacks. The Russian cryptocurrency exchange, Suex became the first to come under the regulatory foot for helping facilitate and launder transactions from allegedly eight ransomware variants “for their own illicit gains.” The Department highlighted that the first sanctions designation against a virtual currency exchange has been executed with assistance from the Federal Bureau of Investigation (FBI).