Suex OTC exchange
Overview
Suex OTC was a Russian over-the-counter (OTC) cryptocurrency exchange platform. It was designated by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) in 2021 for its role in facilitating ransomware payments and money laundering. The platform operated with limited identity verification, enabling illicit actors to convert cryptocurrencies.
Within the DeFi Intel graph, Suex OTC connects to 1 tracked entity, most strongly to OFAC.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
sanctioned_by | OFAC | 95% |
Frequently asked questions
What is Suex OTC?
Suex OTC was a Russian over-the-counter (OTC) cryptocurrency exchange platform.
Who sanctioned Suex OTC?
Suex OTC was designated by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) in 2021.
Why was Suex OTC sanctioned?
Suex OTC was sanctioned for its role in facilitating ransomware payments and money laundering, operating with limited identity verification to enable illicit actors to convert cryptocurrencies.