US sanctions cryptocurrency exchange over ties to ransomware attacks

The US government imposed sanctions on a cryptocurrency exchange over suspected ties to ransomware attackers, claiming nearly half of its transactions were linked to "illicit actors". — AFP Relaxnews

The United States imposed sanctions Tuesday on cryptocurrency exchange SUEX for its ties to ransomware attackers, as Washington seeks to crack down on digital crime.

The move comes after hacks and data breaches that have targeted a major US oil pipeline, a meatpacking company and the Microsoft Exchange email system, as well as ransomware attacks hitting various sectors.