The United States Department of Treasury has announced that sanctions will be inflicted on a particular cryptocurrency exchange called Chatex along with its support network for allowing ransomware criminals to do transactions on their platform.

Attorney General, Merrick Garland of the USA stated in a recent press conference that the Justice Department has indicted Vasinsky for the hacking of personal computers, and for also being involved in a plot to perpetrate money laundering by demanding for ransom payments.

According to Merrick Garland, for the second time in just five months, a transnational cybercriminal group had deployed ransomware.

“This is not the last time the U.S. government will go after ransomware in its entirety and make our nation more resilient against cyber threats,” Garland said.


A November 8 advisory update from Treasury Department included Chatex in the list of exchanges sanctioned by the government of the USA. Also included are Chatextech SIA, Hightrade Finance, and IZIBITS OU. Chatex is believed to have strong connections to Russian and Czech Republic company Suex OTC, that was sanctioned by the same Department of the Treasury in September.

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