US sanctions crypto exchange over ransomware ties

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Washington (AFP) – The United States imposed sanctions Tuesday on cryptocurrency exchange SUEX for its ties to ransomware extortionists, as Washington seeks to crack down on a sharp rise in digital crime attacks. The move marks the first US sanctions against a virtual currency exchange and they come as President Joe Biden’s administration has been under pressure to act after high-profile hacks and data breaches. The attacks on a major US oil pipeline, a meatpacking company and Microsoft Exchange email system caused real-world problems and drew attention to the vulnerability to US infrastructur…

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