US government sanctions Russian cryptocurrency exchanges PM2BTC and Cryptex

The U.S. government has sanctioned two Russian cryptocurrency exchanges, PM2BTC and Cryptex, and two individuals associated with underground financial activities. The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has listed PM2BTC and its associate Sergey Ivanov as "primary money laundering concerns" for allegedly processing proceeds from ransomware and other illegal activities. Cryptex has been accused of being linked to Russian cybercriminals and involved in more than $720 million in illegal transactions. The U.S. Secret Service Cyber ​​Investigations Section, the Dutch police, and the Netherlands Financial Intelligence and Investigation Service have seized web domains and infrastructure associated with PM2BTC, Cryptex, and Ivanov.