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Browse: Home / 2021 / October / 04 / Behind the Crypto Broker Accused of Enabling Ransomware Hackers – Bloomberg

Behind the Crypto Broker Accused of Enabling Ransomware Hackers – Bloomberg

By Securities Docket on October 4, 2021, 8:17 am

Suex OTC, a virtual currency exchange, is a transactions platform that allows cryptocurrency traders to buy and sell digital coins. It is accused by the U.S. of mixing legitimate digital currency trades with illegal transfers from ransomware gangs, allowing them to launder profits from the kind of attacks that have crippled hospitals, businesses, school districts and even a major U.S. fuel pipeline. The U.S. Treasury Department alleges that Suex has played an integral role helping criminal hackers clean and cash out their loot, mostly Bitcoin paid by ransomware victims, before converting it to a traditional currency.

Source: Behind the Crypto Broker Accused of Enabling Ransomware Hackers – Bloomberg

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Posted in Global, Industry | Tagged Cryptocurrency, Hackers

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