US-led operation disrupts crypto exchanges linked to Russian cybercrime

U.S. and Dutch authorities coordinated seizures, sanctions, and an unsealed DOJ indictment targeting Russian crypto exchanges (Cryptex, PM2BTC) and individuals (Sergey S. Ivanov and Timur Shakhmametov) accused of laundering hundreds of millions in virtual currency for ransomware groups, darknet marketplaces and carding operations; actions include OFAC sanctions, a FinCEN designation, domain/infrastructure seizures, and a State Department reward offer.