Chatex Users Ask US Treasury to Release Crypto Frozen by Sanctions

Posted on by American Coins & Gold

Chatex Users Ask US Treasury to Release Crypto Frozen by Sanctions
When Ekaterina Abreu awakened on Nov. 9 at 5 a.m. in her Russian home, she grabbed her phone and checked her cryptocurrency savings. Her account in the Chatex app she used to buy and store crypto looked weird: The balance of her XRP holdings was concealed.Chatex support replied to her query saying that they would provide information later. “I thought it can’t be good,” she said.Bad news soon arrived.The day before, the U.S. had announced sanctions against Chatex, saying the crypto exchange had “facilitated transactions for multiple ransomware variants” and workled with the over-the-counter trading (OTC) firm Suex. Two months…