In the statement made by the ministry, it was reported that strong steps were taken against ransomware attacks and the first sanction was imposed on a cryptocurrency exchange.
In the statement, it was stated that the US government has advanced its strategy against ransomware attacks with the said sanction decision, and it was stated that the scale, complexity and frequency of these attacks have increased and they have victimized governments, individuals and private companies around the world.
In the statement, it was noted that payments made as a result of ransomware attacks in 2020 exceeded $ 400 million, more than four times the level in 2019.
Explaining that these payments are only a part of the economic damage caused by cyber attacks, it was emphasized that some virtual currency exchanges are a critical element of this ecosystem.
In the statement, it was stated that the cryptocurrency exchange Suex, which allegedly played a role in facilitating financial transactions for ransomware actors, was placed on the sanctions list by the Office of Foreign Assets Protection (OFAC).
Pointing out that Suex facilitated transactions in at least 8 ransomware attacks, it was noted that more than 40 percent of the known transaction history was associated with illegal actors.
In the statement, it was stated that with the said sanction decision, Suex will be prohibited from transacting with US institutions.