U.S. Treasury announces new sanctions on the crypto exchange Chatex - Aliens: AI Crypto News & Markets Updates

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U.S. Treasury announces new sanctions on the crypto exchange Chatex

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Aliens

Tue, Nov 09, 2021

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The U.S. Treasury and the Justice Department announced new sanctions on the crypto exchange platform, Chatex. The Treasury's Office of Foreign Assets Control (OFAC) has added Chatex along with affiliated entities IZIBITS OU, Chatextech SIA, and Hightrade Finance Ltd to its sanctions list.

The Ministry of Finance stated that Chatex has been aiding the trade of multiple ransomware variants across different countries. An analysis of known transactions on Chatex showed that over half of its transactions trace directly to illegal or high-risk activities. These include dark web markets, high-risk exchanges, and ransomware.

Source: The Block

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