Blacklist Suex addresses received over $ 900 million in crypto, report unveiled-

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cryptocurrency addresses, which are allegedly used by the Russian Suex stock exchange, which were recently placed under US sanctions, have received crypto-assets of more than $ 934 million, as a blockchain analysis suggests. According to the Ministry of Finance, criminal actors were involved in over 40% of the transactions of the platform. A co -founder of Suex has contested any illegal activity.

sanctioned crypto broker Suex processed $ 370 million of illegal crypto funds, report

The US Ministry of Finance undertakes steps to defend ransomware attacks Take on the stock exchanges for digital assets this week. As part of the measures, the Office of Foreign Assets Control (OFAC) of the Department Sanctions on Suex, an over-the-counter crypto broker based in Russia, which is accused of facilitating ransomware payments and money laundering.

on Tuesday published an updated advisory to the risks related to ransomware and added suex otc sro in the list of special designated Nationals and Blocked person (SDN). The office also published a number of btc , eth and usdt Addresses that are controlled by society that is entered in the Czech Republic, but is active from physical offices in the large Russian cities of Moscow and Saint Petersburg.

according to A from elliptic Get the 25 addresses on the black list of crypto-assets worth over $ 934 million. Based on the claim of OFAC, the blockchain analysis company estimates that 40% of trade in Suex contained illegal funds that the total number of crypto transactions in connection with illegal activities is over $ 370 million in the Fiat equivalent.

elliptic states that the measures against the Russian stock exchange have achieved seven. In addition, the list of crypto addresses of the office, which are linked to threat actors, has exceeded 120 entries.

According to the decision of the US financial news and law enforcement agency, American companies and private individuals should not make crypto transactions with the sanctioned Russian broker. Restrictions also apply to US banks that have to avoid the processing of FIAT currency transactions on behalf of Suex and the clearing of transfers for banks that have to work with the stock exchange, added Elliptic and emphasized:

The effects could be frightening and effectively cut off from any downstream access to the US dollar clearing system.

SUEX co-founder rejects allegations of illegal activities

There was no official reaction to the Suex sanctions, but a Russian entrepreneur and manager, Vasily Zhabykin, has confirmed in a telephone conversation with the New York Times that he is one of its founders. Suex, he said, was founded to develop software for the financial industry. Zhabykin performed any illegal activity and indicated that his company could have been accidentally targeted. The Ministry of Finance has announced only a few details about the company, with the exception of two addresses in Moscow or Prague and the Stock Exchange, Suex.io.

an investigation by the blockchain-intelligence company TRM Labs that "suex starts owned Estnian company operated- Izibits OU still has an Estonian virtual asset service provider license to its name. " Izibits, which is listed on his Russian-speaking website as a company owner of Suex, is also the operator of Chatex, a telegram bot that offers crypto exchange services. The Domain Suex.io is made by the hightrade Finance Ltd. Registered, the legal person who must complete Chatex users in their terms of use.

What do you think about the SUEX case and the US sanctions against the Russian crypto broker? Let us know in the comment area below.

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