Guillermo Christensen Quoted in Law360: "Crypto Exchange Blacklisting To Test US Sanctions' Teeth"

Ice Miller LLP Partner Guillermo Christensen was quoted in the Law360 article, "Crypto Exchange Blacklisting To Test US Sanctions' Teeth."

The article included:
 

The U.S. Department of the Treasury's unprecedented blacklisting of a cryptocurrency platform accused of helping cybercriminals convert funds into real-world currency will test its ability to sway ransomware actors' behavior, as officials sharpen their pitch for victims to report attacks.

Treasury's move on Tuesday to add Russia-based SUEX to the government's sanctions list — the agency's first labeling of a cryptocurrency exchange as a "malicious cyber actor" — also signals authorities' strategy to focus their sanctions efforts, at least at first, on the wider ecosystem that enables attacks rather than on attackers themselves.

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