US authorities seize 3 crypto exchanges linked to Russia in $800M money laundering crackdown

In a sweeping move to combat global money laundering, the US Department of Justice (DOJ) has taken control of three cryptocurrency exchanges tied to Russian money laundering schemes. The platforms—UAPS, PM2BTC, and Cryptex—allegedly processed over $800 million in illegal transactions linked to cybercriminal activity, including ransomware and darknet drug trafficking. The DOJ’s action included seizing