Providing Our Clients With Expert Advice And Industry Best Practices
Call US TODAY 864-649-6300
Menu
Search

In The News

Home > Acquisitions > Treasury Sanctions Russian Cyber Actors for Virtual Currency Theft
Sep21 - 20

Treasury Sanctions Russian Cyber Actors for Virtual Currency Theft

Washington – Today, in a coordinated action with the U.S. Department of Justice and the U.S. Department of Homeland Security, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Russian nationals for their involvement in a sophisticated phishing campaign in 2017 and 2018 that targeted customers of two U.S.-based and one foreign-based virtual asset service providers. American citizens and businesses were among the victims of this malicious cyber-enabled activity, which resulted in combined losses of at least $16.8 million.

“The individuals who administered this scheme defrauded American citizens, businesses, and others by deceiving them and stealing virtual currency from their accounts,” said Secretary Steven T. Mnuchin. “The Treasury Department will continue to use our authorities to target cybercriminals and remains committed to the safe and secure use of emerging technologies in the financial sector.” Read the complete article HERE.

Categories

Archives

Events

Nov. 1-3, 2021
Washington D.C.

INFiN's 2021 MoneyTrends Conference & Expo will be taking place November 1-3 at the Marriott Marquis in Washington, DC. Register for this live and in-person…

Nov 2-3, 2021
Los Angeles, CA

LA Blockchain Summit - November 2-3, 2021 LA Blockchain Summit is the leading conference & expo focused on blockchain investing, building and mainstream adoption. For…

contact us

Please fill out all fields marked with* and submit the following form to
request your consultation.

Contact Us Today

Please fill out all fields marked with * and submit the following form to request your consultation.

  • This field is for validation purposes and should be left unchanged.

Call Now Button