News with the tag "OFAC"

Bitcoin Magazine US Treasury Removes Tornado Cash From OFAC Sanctions List The Department of Treasury has lifted Sanctions on Tornado Cash, the Ethereum based smart contract mixer, following a series of legal defeats and administrative challenges. “Based on the Administration’s review of the novel l...

The Treasury Department’s Office of Foreign Asset Control (OFAC) is removing Tornado Cash from its Specially Designated Nationals (SDN) blacklist. According to a new announcement from the Treasury Department, OFAC is removing economic sanctions against the crypto protocol. Tornado Cash is a “crypto ...

Stablecoin operator Tether has revealed that it has frozen $27 million in USDT on the sanctioned Russian crypto exchange, Garantex. The cryptocurrency exchange has also suspended all its trading and withdrawal services. The U.S., through the U.S. Department of the Treasury’s Office of Foreign Assets...

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) is blacklisting a handful of crypto addresses linked to a man known for allegedly running Nemesis, a now-defunct darknet marketplace. In a new press release, the OFAC says that it is sanctioning Iranian national Behrouz Parasad a...

In a significant move against illicit cryptocurrency activities, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has just announced urgent crypto sanctions targeting 49 digital addresses. These addresses are reportedly tied to Behrouz Parsarad, the administrator of the ...

The United States has sanctioned Behrouz Parsarad, the founder and administrator of the darknet site Nemesis. Forty-nine crypto wallets belonging to Parsarad were sanctioned as well. Nemesis itself was shut down last year. The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announ...

Kraken’s 2024 Transparency Report has revealed that global law enforcement and regulatory agency requests to the exchange in 2024 rose by about 39%. U.S. enforcement agencies made the most requests to the exchange globally, 28.6% of all requests and 1,951 out of the 6,826 requests made in 2024. The ...

The world of cryptocurrency, often lauded for its decentralized and permissionless nature, is increasingly under scrutiny for its use in illicit activities. A recent Chainalysis report has brought to light a concerning trend: sanctioned entities and jurisdictions have received a staggering $15.8 bil...

Follow Aaron on Nostr or X . The news got buried in part due to Trump’s inauguration and subsequent rumblings of a Strategic Bitcoin Reserve (SBR), but developer b10c recently published research showing that F2Pool — a mining pool representing ~11% of hash power on the Bitcoin network — is censoring...

TORN, the native token of beleaguered crypto mixer Tornado Cash, enjoyed a brief renaissance over the last two days following news that a court had overturned sanctions imposed on the platform by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC). Initially trading around the $9....