US Ministry of Finance sanctioned 2nd cryptocurrency exchange, confiscated $ 6.1 million
US Ministry of Finance sanctioned 2nd cryptocurrency exchange, confiscated $ 6.1 million
The US Ministry of Finance has approved a second cryptocurrency exchange "to facilitate financial transactions for ransomware players". Two ransomware operators were also sanctioned and funds of $ 6.1 million confiscated.
US finance sanctions impose another cryptocurrency exchange
The US Ministry of Finance announced on Monday that its Office of Foreign Assets Control (OFAC) ransomware operator and a cryptocurrency exchange.
The Chatex crypto exchange and the associated support network were sanctioned "to facilitate financial transactions for ransomware actors," said the Ministry of Finance. "An analysis of the known transactions of Chatex shows that over half is attributed to illegal or risk-rich activities such as Darknet markets, risky stock exchanges and ransomware."
Chatex has direct connections to SUEX OTC September 21 was sanctioned by the OFAC, the Ministry of Finance found.
The OFAC also sanctioned the Ukrainian Jaroslaw Vasinskyj and the Russians Yevgeniy Polyanin on Monday for their contribution to continuing the ransomware incidents of Sodinokibi/Revil against the United States ". The Ministry of Finance added that the two are "part of a cyber criminal group that operates ransomware activities and received more than $ 200 million of ransom payments in Bitcoin and Monero".
The Ministry of Finance said: "All property and ownership of the named goals that are subject to US judges are blocked, and US people are generally prohibited from doing business with them. In addition, all legal entities are blocked that are 50 percent in possession of one or more persons named."
The announcement describes:
While most virtual currency activities are allowed, virtual currency remains the most important mechanism for ransomware payments, and certain unscrupulous virtual currency outlets are an important part of the ransomware ecosystem.
doj confiscated with FTX trading funded funds of $ 6.1 million
The US Ministry of Justice (DOJ) announced independently on Monday that it confiscated 6.1 million US dollars from Polyanin, and found that both polyanine and vasinskyi "the use of SodinoKibi/Revil-Ransomware were accused of attacking companies and government agencies in the United States".
The confiscated funds of $ 6.1 million are due to alleged ransom payments that Polyanin received, the Ministry of Justice said. The funds were kept on the name "Evegnii Igorevich Polianin" and/or "Evgeniy Igorevich Polyanin" on a "FTX Trading Limited account", as the seizure command of the Doj shows.
According to the blockchain analysis company Chainalysis, both people received significant amounts of cryptocurrency. The company stated that the following was mentioned for all sanctioned addresses:
Polyanin received Bitcoin worth over $ 11.5 million and USDT_ETH worth over $ 2 million, while Vasinskyi received Bitcoin worth over $ 900,000.
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