Biden administration sanctions cryptocurrency exchange in effort to cut off revenue to ransomware groups – Honolulu, Hawaii news, sports & weather

Suex bills itself as an easy way to buy cryptocurrency, which is often difficult to trace, with a credit or debit card. While Suex is relatively obscure in the cryptocurrency market, the Treasury Department estimated that 40% of Suex’s transaction history is linked with illicit activity. The exchange did not respond to a request for comment on Tuesday.

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