Here’s What We Know About Suex, the First Crypto Firm Sanctioned by US

Here’s What We Know About Suex, the First Crypto Firm Sanctioned by US
When the U.S. Treasury Department announced its first-ever sanctioning of a cryptocurrency exchange last month, many industry participants likely scratched their heads when they heard the name. Suex? Who?But while this Moscow-based outfit, which is more accurately described as an over-the-counter (OTC) trading desk than an exchange, is little known in the West, Suex and its founder, Egor Petukhovsky, are prominent in Russian crypto circles.CoinDesk spoke to seven people in the crypto industry in Russia, including local OTC traders, crypto entrepreneurs and exchange executives, about Suex. Almost none of them would speak on the record, given the sensitivity of the…