The United States Department of the Treasury has introduced it is going to impose sanctions on the cryptocurrency alternate Chatex and its help community for allegedly facilitating transactions for ransomware actors.
In an advisory replace issued on Nov. 8, the Treasury Department Office of Foreign Assets Control, or OFAC, added Chatex in addition to IZIBITS OU, Chatextech SIA, and Hightrade Finance to its list of entities sanctioned by the U.S. authorities. The division claimed Chatex has “direct ties” with Czech Republic and Russia-based enterprise Suex OTC, which it sanctioned in September.
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