October 4, 2024 at 03:02PM Russian law enforcement detained nearly 100 suspects connected to the Cryptex cryptocurrency exchange, UAPS anonymous payment service, and other platforms for illegal payments and stolen credentials. The individuals were arrested for organizing criminal activities, illegal payment processing, and banking activities. They made over $1.1 billion in 2023 and were linked … Read more
September 27, 2024 at 04:42AM The U.S. government sanctioned cryptocurrency exchanges Cryptex and PM2BTC and unsealed an indictment against a Russian national for money laundering services to cybercriminals. The action, part of Operation Endgame, led to the seizure of €7 million ($7.8 million) worth of cryptocurrency. Rewards were announced for information leading to the arrests … Read more
September 26, 2024 at 11:52AM The U.S. Treasury Department sanctioned Cryptex and PM2BTC, accusing them of laundering funds for Russian ransomware groups and cybercrime. The exchanges allegedly facilitated transactions for threat actors and failed to maintain anti-money laundering measures. These actions are part of a broader international effort to disrupt Russian cybercrime networks. U.S. citizens … Read more