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New Treasury sanctions take aim at blocking ransomware groups from cashing out


The U.S. Treasury is wading into the fight against ransomware by sanctioning virtual cryptocurrency exchange Suex for its role in facilitating ransomware payments.
The sanctions are the first of its kind against a cryptocurrency exchange, and prohibit Americans from doing business with the company.
It’s the latest action as part of a U.S. government-wide effort to counter the rise of ransomware — including a cross-agency taskforce and a $10 million bounty for information on state-backed cybercriminals — that has so far seen mixed results. Just this week, the BlackMatter ransomware group demanded $5.9 million in ransom from a hacked Iowa farm …

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