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As the story spread in the local crypto community, the entire Ukrainian OTC market stopped working with Suex and cut communications with Suex, the source said. Three months later, Suex decided to cooperate, and the Ukrainian OTC desk ended up getting its money back, the source said. Original Source
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The scandal around sanctioned crypto broker Suex is growing in Russia where one of the co-founders of the OTC platform has been dismissed from his executive post at a bank. Meanwhile, an anti-drug organization has referred the case to the interior ministry and the central bank, asking authorities to investigate
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“We use our data to research high-level money laundering trends, and years ago identified Suex addresses as part of a relatively small group of a few hundred addresses that receive an outsize quantity of illicit funds,” spokesperson Maddie Kennedy told CryptoX via email, adding that it’s possible not all addresses
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Cryptocurrency addresses allegedly used by Russian exchange Suex, recently placed under U.S. sanctions, have received more than $934 million in crypto assets, blockchain analysis suggests. According to the Treasury Department, over 40% of the platform’s transactions involved criminal actors. A Suex co-founder has denied any illegal activity. Sanctioned Crypto Broker
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Earlier, crypto sleuthing firm Chainalysis said it helped OFAC to identify the Suex’s crypto wallets, adding that the OTC firm helped launder money coming from major scams, hacker groups and drug traffickers. Elliptic, another blockchain analytics firm, wrote in a blog post the addresses received about $934 million worth of
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The U.S. Treasury Department has blacklisted Suex, a cryptocurrency broker based in Russia, for its money laundering activities. The platform is suspected of processing hundreds of millions of dollars in crypto transactions related to scams, ransomware attacks, darknet markets, and the infamous BTC-e exchange. OFAC Adds Russian Crypto OTC Exchange Suex
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The United States Department of the Treasury has announced it will impose sanctions on the Czech Republic and Russia-based business Suex OTC for allegedly allowing hackers to access cryptocurrency sent as payment for ransomware attacks.In an advisory update issued on Tuesday, the Treasury Department Office of Foreign Assets Control, or
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