The U.S. Department of the Treasury has included two crypto exchanges in the sanctions list — PM2BTC and Cryptex. In addition, restrictions affected their administrator, a Russian citizen Sergei Ivanov.
The U.S. Treasury Department claims that both services were involved in laundering money obtained by criminal means. According to the ministry, Cryptex is registered in St. Vincent and the Grenadines as an International Payment Service Provider. The agency stressed that the crypto exchange provides financial services to cybercriminals.
It is assumed that more than $51 million passed through Cryptex, which are associated with ransomware programs.
American authorities believe that Ivanov has been involved in money laundering for the past 20 years. A reward of $10 million has been offered for information that will help catch him.
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