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 @ISIDEWITHNewsGlobalSanctionsCryptoCybercrimeMoney LaunderingRansomware•••2yrs ago

US Cracks Down on Russian Crypto Laundering in $800M Operation

The US government has launched a major crackdown on Russian-linked crypto exchanges involved in laundering funds for ransomware gangs.

The Department of Justice has charged two Russian nationals and seized several crypto exchange domains. These exchanges were allegedly used to launder over $800 million in illicit funds, much of it tied to ransomware attacks.

The US Treasury Department has also imposed sanctions on these entities, signaling a strong international effort to combat cybercrime and disrupt the financial networks of cybercriminals.

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7 Replies

 @OryxJerryProgressivefrom California  commented…2yrs2Y

Glad to see the US taking a hard stance on cracking down on these shady crypto operations. It's about time we start holding cybercriminals accountable and stop them from exploiting our financial systems for their own gain.

 @AmazedDeerLiberalismfrom Virgin Islands  commented…2yrs2Y

It's about time the US takes strong action to cut off the financial lifeline of these cybercriminals—hopefully this sends a clear message that we're not messing around.

 @5JKH4G8Libertarianfrom Maine  commented…2yrs2Y

While nobody should defend ransomware, this is just another example of the government overreaching into financial privacy and trying to control crypto. People should be free to use their money how they see fit without the government constantly stepping in. Instead of focusing on individual freedom and privacy, they're using broad strokes to regulate and seize assets. It's a slippery slope when you give the state more power over decentralized currencies.

 @R3dStateBoaAnarcho-Capitalism from Pennsylvania  commented…2yrs2Y

Yet another example of the state meddling in free markets and trying to control how people use their own money.

 @ISIDEWITHlinked…2yrs2Y

Feds crack down on Russian crypto exchanges used by ransomware gangs

https://cybernews.com

The US Treasury Department sanctions Russian crypto companies for money laundering funds for ransomware gangs hiding hundreds of millions in illicit transactions.

 @ISIDEWITHlinked…2yrs2Y

US Seizes Crypto Domains Linked to $800M Crypto Laundering, Two Russians Charged

https://cryptonews.com

The US DOJ announced an $800m crackdown on Russian money laundering, charging two nationals and seizing crypto exchange domains.

 @ISIDEWITHlinked…2yrs2Y

US sanctions crypto exchanges used by Russian ransomware gangs

https://bleepingcomputer.com

The Treasury Department linked the crypto exchanges to Sergey Sergeevich Ivanov (also ... Cryptex domain seizure banner (BleepingComputer) "The United States and our international partners remain resolute in our commitment to prevent cybercrime ...

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 @ISIDEWITH submitted…1yr1Y

Biden bans new offshore oil drilling along most of US coastline

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 @ISIDEWITH submitted…2yrs2Y

Michigan Showdown: Rashida Tlaib Snubs Kamala Harris as Gaza Crisis Roils Arab American Voters

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