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Cryptocurrency exchange network accused of helping Russia hit with sanctions

  • A network of people and virtual currency exchanges linked to Russian cybercrime faced sanctions in a government crackdown, coinciding with President Joe Biden's meeting with Ukrainian President Volodymyr Zelenskyy.
  • Biden stated that the U.S. “will continue to raise the costs on Russia for its war in Ukraine” to undermine its defense resources.
  • State Department Spokesman Matthew Miller emphasized using all tools to deter money laundering networks and urged Russia to restrict cybercriminal operations.
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