In a coordinated effort to combat Russian cybercrime and money laundering, the US government has announced multiple sanctions targeting cryptocurrency exchange networks accused of assisting Russia in evading sanctions. President Biden highlighted the exposure of a global cryptocurrency network allegedly facilitating financial crimes linked to Russian hackers. Additionally, two Russians have been indicted for their involvement in billion-dollar money laundering schemes. The US Treasury Department confirmed that these new sanctions extend to mid-tier online providers related to cyber activities, marking a significant step in the ongoing battle against international financial crime.