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Th US Treasury has sanctioned Cryptex and PM2BTC, two cryptocurrency exchanges that laundered funds from Russian ransomware gangs and other cybercrime groups.
Cryptex reportedly provides financial services to cybercriminals and laundered over $51 million in funds linked to ransomware attacks. PM2BTC is accused of laundering virtual currency associated with ransomware and other illicit Russian activities.
The Treasury Department linked the crypto exchanges to Sergey Sergeevich Ivanov (also known as Taleon), a Russian money launderer believed to have helped process hundreds of millions of dollars for ransomware actors.