OFAC

Uniswap Censors 253 Crypto Addresses Blacklisted for Crime, Sanction Associations

August 20, 2022 Bitcoin.com

Banteg

According to a recently published report, the decentralized exchange (dex) Uniswap has blocked roughly 253 cryptocurrency addresses allegedly tied to crimes or government sanctions. The information was discovered by the software developer Banteg who analyzed and saved the shared logs from Uniswap’s server. 30 out of the 253 Blocked Addresses Are ENS Domain Names, Uniswap […]

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Coin Center Says OFAC’s Tornado Cash Ban ‘Exceeds Statutory Authority,’ Plans to ‘Engage’ With US Watchdog

August 16, 2022 Bitcoin.com

autonomous contract

On August 15, the non-profit that focuses on policy issues facing crypto assets, Coin Center, published a blog post that says the organization is looking at the legality of the recent Tornado Cash sanctions enforced by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC). The post, published by Coin Center’s Jerry Brito and […]

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Crypto Economy’s Top Privacy Coins Take a Hit After US Government Banned Tornado Cash

August 15, 2022 Bitcoin.com

$6.44 billion

Following the U.S. government prohibiting the use of the ethereum mixing service Tornado Cash, the crypto economy’s top privacy coins lost more than 8% in USD value the following evening after the ban announcement. The top privacy coins like monero and zcash managed to recover the losses two days later, but during the last 24 […]

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Crypto Community Responds to Tornado Cash Sanctions, Privacy Advocates Say ‘There Are Many Legitimate Reasons to Seek Financial Anonymity’

August 12, 2022 Bitcoin.com

Alexey Pertsev

The U.S. government banning the ethereum mixing service Tornado Cash and the enforcement that has followed has the crypto community in an uproar about the event. A large number of crypto and privacy advocates have spoken out against the actions the government has taken so far, and the nonprofit advocacy group Fight for the Future […]

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Dutch Law Enforcement Arrests Suspected Tornado Cash Developer in Amsterdam

August 12, 2022 Bitcoin.com

Amsterdam

According to a statement from the Dutch Fiscal Information and Investigation Service (FIOD), law enforcement officials in Amsterdam arrested an unnamed 29-year-old suspected of developing the ethereum mixing application Tornado Cash. FIOD accuses the suspect of “concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies.” Netherlands Law Enforcement Takes Suspected Tornado […]

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Snoop Dogg, Steve Aoki, Logan Paul, and Beeple Dusted by OFAC-Banned Tornado Cash Transactions

August 9, 2022 Bitcoin.com

Ben Horowitz

Following the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) banning Tornado Cash and a number of associated Ethereum-based addresses, an anonymous Tornado Cash user has dusted a swathe of well known wallets tied to ENS domain names. Onchain data shows that a number of celebrities and organizations received 0.1 ether from the platform. […]

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OFAC’s Tornado Cash Ban Causes Github Suspensions and the Blacklisting of Crypto Addresses Holding $437M

August 9, 2022 Bitcoin.com

attack

On August 8, the ethereum mixing service Tornado Cash, and all the crypto addresses associated with the platform, were officially banned by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC). Following the ban, the internet hosting service for software and open source code development, Github, erased some of the Tornado Cash commits and […]

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US Government Bans Ethereum Mixer Tornado Cash, Platform Added to OFAC’s SDN List

August 8, 2022 Bitcoin.com

Alex Smirnov

On Monday, the U.S. Treasury Department’s watchdog the Office of Foreign Asset Control (OFAC) banned the ethereum mixing application Tornado Cash. OFAC has cited that the mixer has helped North Korean hackers such as the hacking syndicate known as Lazarus Group. OFAC Sanctions Tornado Cash Mixing App OFAC has officially banned the Tornado Cash and […]

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Crypto Exchange Kraken Under Investigation for Allegedly Allowing Iranian Sanction Evasion: Report

July 28, 2022 The Daily Hodl

Daily Hodl

Crypto exchange Kraken is reportedly under federal investigation for allegedly violating a US sanction against Iran. The US has imposed restrictions on activities with Iran following the hostage crisis at the American embassy in Tehran in 1979. As a result, US-based businesses are not allowed to buy or sell goods to anyone in the Middle […]

The post Crypto Exchange Kraken Under Investigation for Allegedly Allowing Iranian Sanction Evasion: Report appeared first on The Daily Hodl.

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Report: Digital Currency Exchange Kraken Under Investigation for Violating OFAC Sanctions

July 26, 2022 Bitcoin.com

anonymous sources

On Tuesday, a newly published report details that the cryptocurrency exchange Kraken is under federal investigation for allegedly violating U.S. sanctions, according to five people familiar with the matter. The unknown sources explained that the inquiry into Kraken started in 2019, and it’s accused of allowing users from sanctioned countries like Iran access to the […]

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