U.S. Treasury alleges that Sergey Ivanov has laundered hundreds of millions of dollars worth of virtual currency for cyber criminals and darknet marketplace vendors for the past 20 years. A network of people and virtual currency exchanges associated with harboring Russian cybercrime were hit with sanctions on Thursday,

A network of people and virtual currency exchanges associated with harboring Russian cybercrime have been hit with sanctions in a government-wide crackdown on cybercrime.

In a major effort to combat international cybercrime, the United States has indicted two prominent Russian hackers and imposed sanctions on cryptocurrency exchanges allegedly involved in money laundering for cybercriminals.