U.S. and European law enforcement agencies have announced sanctions against two Russia-linked cryptocurrency platforms in their ongoing chase to snuff out Russian-linked financial platforms that assist cybercriminals.
Cybercrime platforms, like PM2BTC, which was the target of an order by the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) Wednesday, and Cryptex, sanctioned by the Treasury’s Office of Foreign Assets Control (OFAC), are a threat to national and international security, by allowing criminals to launder ransomware proceeds from hacks of U.S. businesses and institutions, the agencies said.
