Cryptocurrency exchange network with ties to Russia gets sanctioned

U.S. Treasury alleges that Sergey Ivanov has laundered hundreds of millions of dollars worth of virtual currency for cyber criminals and darknet marketplace vendors for the past 20 years.

A network of people and virtual currency exchanges associated with harboring Russian cybercrime were hit with sanctions on Thursday, in a government-wide crackdown on cybercrime that could assist Russia ahead of President Joe Biden‘s meeting with Ukrainian President Volodymyr Zelenskyy.