Crypto Exchange Blacklisting To Test US Sanctions' Teeth

By Ben Kochman (September 24, 2021, 6:30 PM EDT) -- The U.S. Department of the Treasury's unprecedented blacklisting of a cryptocurrency platform accused of helping cybercriminals convert funds into real-world currency will test its ability to sway ransomware actors' behavior, as officials sharpen their pitch for victims to report attacks.

Treasury's move on Tuesday to add Russia-based SUEX to the government's sanctions list — the agency's first labeling of a cryptocurrency exchange as a "malicious cyber actor" — also signals authorities' strategy to focus their sanctions efforts, at least at first, on the wider ecosystem that enables attacks rather than on attackers themselves.

Targeting a cryptocurrency exchange rather than a ransomware cartel with sanctions serves at...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!