The US Treasury Department has made the decision to sanction the Chatex cryptocurrency exchange for its alleged involvement in hackers.
According to a discover launched on November eight, the US government has signed sanctions towards Chatex, a cryptocurrency trading platform, for allegedly making it possible for hackers concerned in ransomware-linked plots to wash cash on the floor.
Specifically, the US Treasury Department confirmed that Chatex processed transactions for lots of men and women concerned in ransomware attacks and also the OTC exchange Suex, which was also sanctioned by federal companies in September for the very same purpose. Both platforms share the very same CEO, Mr. Egor Petukhovsky, of Russian nationality.
Additionally, Chatex is also integrated on the US government “blacklist”, which signifies that Chatex assets in the US (if any) will be frozen and US organizations will be strictly prohibited from contacting the exchange transaction.
Three other Chatex-linked names are also banned from the United States, which includes Izibits OU, Chatextech SIA, and Hightrade Finance Ltd.
On its internet site, Chatex claims it has far more than 350,000 registered customers, largely in emerging markets this kind of as Eastern Europe and the Commonwealth of Independent States, and is setting up to increase to India and Africa. The exchange supports 14 unique cryptocurrencies and is constructing a alternative to accept cryptocurrency payments for outlets. Furthermore, Chatex also establishes itself as the 2nd greatest integrated cryptocurrency wallet and exchange application on Telegram.
Chatex is organizing an open sale of exchange tokens, CHTX coins on DAO Maker and Gate.io exchange.
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