U.S. Sanctions Russian-Owned Crypto-Exchange for Ransomware Activities

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Friday, September 24, 2021
Author: 
Bruce Zagaris
Volume: 
37
Issue: 
10
Abstract: 

On September 21, 2021, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the first virtual currency exchange for laundering cyber ransoms and updated its ransomware advisory to encourage reporting of incident and ransomware payment to both Treasury and law enforcement.