#PM2BTC

U.S. Sanctions Two Crypto Exchanges for Facilitating Cybercrime and Money Laundering

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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

US sanctions crypto exchanges used by Russian ransomware gangs

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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