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Nalezeno "OFAC": 149

Bitcoin's Anti-Censorship Ethos Surfaces After Mining Pool F2Pool Acknowledges 'Filter'

22.11.2023
After a blockchain sleuth reported that the Bitcoin mining pool may have censored a transaction from an address blacklisted by U.S. authorities, critics responded, and so did the project's co-founder

Binance's Busy Day, Kraken's Second SEC Fight

22.11.2023
Binance is paying one of the largest fines in corporate history to the U.S. Department of Justice, while its founder and CEO, Changpeng "CZ" Zhao, stepped down from his role running the platform as part of a settlement with multiple federal agencies. Meanwhile, Kraken is facing a lawsuit from...

Binance to Make 'Complete Exit' From U.S., Pay Billions to FinCEN, OFAC on Top of DOJ Settlement

21.11.2023
Crypto exchange Binance will leave the U.S., pay billions in fines and appoint a monitor for five years to settle charges with the Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Asset Control (OFAC), the U.S. Treasury Department's money laundering and sanctions watchdogs...

Blockchain Association Sues OFAC Over Sanctions on Tornado Cash

21.11.2023
Source: US Department of Treasury Blockchain Association, the crypto advocacy group, has filed an amicus brief with the US Office of Foreign Assets Control (OFAC). The Association has criticized the agency’s decision to sanction crypto mixer Tornado Cash, pointing out the regulatory repercussions....

OFAC Sanctions Russian National Accused of Using Virtual Currency to Launder Money

5.11.2023
According to the United States Office of Foreign Assets Control (OFAC), Russian national Ekaterina Zhdanova has been sanctioned as punishment for using virtual currency to launder money for designated Russian elites. OFAC said Zhdanova’s properties and interests in the United States are now either...

Web3 Protocol WalletConnect Halts Services in Russia, Following US Treasury Guidelines

1.11.2023
Web3 platform WalletConnect, which links cryptocurrency wallets, has restricted its services in Russia, in light of the latest US Guidelines. The US Treasury’s Office of Foreign Assets Control (OFAC) unveiled sanctions in Russia and a few parts of Ukraine. The restrictions came into effect...

U.S. Treasury Targets Gaza Crypto Business in Sanctions to Squeeze Hamas

18.10.2023
The Treasury Department issued a list of sanctions that included a business providing money transfers and digital assets exchange services in Gaza

Tornado Cash Trading Volumes Nosedived 90% After U.S. Sanctions

11.10.2023
While North Korean hackers have mostly moved to other Bitcoin mixers, some illicit use of Tornado Cash continues, a report from TRM Labs says

OFAC’s Sanction Bucket Grows: BTC, TRX, and ETH Addresses Flagged Over Fentanyl Ties

6.10.2023
The Office of Foreign Asset Control (OFAC) under the Treasury has released an updated version of the specially designated nationals (SDN) list, featuring multiple alleged fentanyl traffickers from China along with their associated cryptocurrency addresses. These highlighted crypto addresses...

Chinese Firms Used Crypto Payments to Run Fentanyl Network, U.S. Claims in Charges

3.10.2023
The U.S. Department of Justice (DOJ) targeted several Chinese businesses and their employees Tuesday in the latest round of charges tied to production and trafficking of fentanyl – a network that depended on cryptocurrency payments, according to authorities

Ethereum OFAC compliance dips to 45% post-Merge upgrade

27.9.2023
The list of top censorship offenders is populated by popular platforms such as Binance, Celsius Network, Bitfinex, Ledger Live, Huobi (HTX) and Coinbase

OFAC Blacklists ETH Wallet Operated By Cartel for Illicit Drug Trafficking

26.9.2023
In a new round of sanctions, the US Department of Treasury's Office of Foreign Assets Control (OFAC) has added ten more individuals to its blackbook. According to a September 26 press release, the US government agency disclosed that many of these individuals were affiliated with an international...

Treasury Sanctions Ethereum Wallet Used by Sinaloa Cartel to Launder Fentanyl Financing

26.9.2023
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned an Ethereum wallet used by the Sinaloa Cartel to launder money from fentanyl sales in the U.S. Mario Alberto Jimenez Castro, an accused money launderer for the cartel’s Los Chapitos faction, allegedly...

Ethereum Wallet Tied to Sinaloa Cartel Sanctioned by US Government

26.9.2023
The United States' Office of Foreign Assets Control (OFAC) has sanctioned an Ethereum wallet tied to a Mexican man from Sinaloa named Jimenez Castro

Tornado Cash Devs Are Caught in a U.S. Dragnet

24.8.2023

Tornado Cash co-founders charged with money laundering, sanctions violations

23.8.2023
Roman Semenov was placed on OFAC's sanctioned persons list and Roman Storm was arrested as the United States continued its crackdown on the crypto mixer

US Court Classifies Tornado Cash as ‘Person’ in Verdict Echoing Ooki DAO Designation

19.8.2023
A recent ruling by a U.S. judge declared that Tornado Cash holds the legal status of a “person.” This development came on the heels of a previous verdict in June, which recognized the decentralized autonomous organization Ooki DAO in a similar manner. U.S. Judiciary Designates Tornado Cash...