OFAC

The wallet is tied to a money laundering operation that transfers proceeds from fentanyl sales to Sinaloa cartel leaders in Mexico, officials said.

By Oliver Knight

Sep 26, 2023 at 2:45 p.m. UTC

Sep 26, 2023

CrimeFentanylOFACSanctions

Is there any justice in the U.S. government's legal battle with Tornadoo Cash and its developers? (Steve Barker/Unsplash)

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

The Treasury and Defense Departments are working to stop North Korean hackers — with little to show for it.

By Daniel Kuhn

Aug 24, 2023 at 8:06 p.m. UTC

Aug 24, 2023

OpinionThe NodeNewslettersTornado CashPrivacyRoman semenovRoman stormOFACRegulaion

Preston Van Loon, Prysmatic Labs at C22 (Scott Moore/Shutterstock/CoinDesk)

Coinbase-Backed Group Loses Lawsuit Arguing Tornado Cash Sanctions Overstepped U.S. Treasury's Authority

The group of developers and investors sued the Treasury Department last year.

By Nikhilesh De

Aug 17, 2023 at 8:21 p.m. UTC

Aug 17, 2023

RegulationsTornado CashCoinbaseMixersOFACUS Treasury Department

Stablecoin Wallet Rpay Secures License from OFAC to Continue Operating in Venezuela

The approval does not absolve Rpay of its compliance duties, but does eliminate growing regulatory risks, the company said.

By Andrés Engler

Jun 29, 2023 at 4:00 p.m. UTC

Jun 29, 2023

ReserveVenezuelaStablecoinOFAC

Elliptic Chief Legal Officer on Crypto's Fentanyl Trade

Blockchain analytics firm Elliptic’s recent research has found that crypto is being used in the trade of fentanyl and that the attackers behind the Atomic Wallet hack are using the Office of Foreign Assets Control OFAC sanctioned exchange Garantex to move stolen funds Elliptic Chief Legal Officer John Melican discusses the latest in crypto crime [...]

By CoinDesk Staff

Jun 13, 2023 at 2:58 p.m. UTC

Jun 13, 2023

cdtvEllipticFM ClipOFACFentanylAtomic walletGarantexJohn melican

Blockchain Association CEO on Filing Amicus Brief in Coin Center Lawsuit Over Tornado Cash Sanctions

Video

Kristin smith

Blockchain Association CEO on Filing Amicus Brief in Coin Center Lawsuit Over Tornado Cash Sanctions

The Blockchain Association has filed an amicus brief in an ongoing lawsuit by the think tank Coin Center against the Treasury Department and its sanctions watchdog the Office of Foreign Asset Control OFAC In the suit filed last October Coin Center has alleged that OFAC s sweeping sanctions against crypto mixer Tornado Cash harmed Americans [...]

By CoinDesk Staff

Jun 5, 2023 at 2:54 p.m. UTC

Jun 5, 2023

Kristin SmithBlockchain AssociationcdtvFM ClipOFAC

Policy

North korea

U.S. Treasury Sanctions North Korean-Owned Binance Wallets; Says Entities Used Funds to Support WMD Programs

The Binance-hosted wallets received more than $2 million worth of various cryptocurrencies that were then sent on to North Korean entities, OFAC alleged

By Elizabeth Napolitano Amitoj Singh Nikhilesh De

May 23, 2023 at 3:25 p.m. UTC

May 23, 2023

North KoreaOFACBinanceSanctions

Policy

Sanctions

U.S. Sanctions Watchdog Alleges Russia-Linked Crypto Wallet Processed $5M

An Irish national helped wealthy Russians evade sanctions and hide money in UAE, OFAC said Friday.

By Anna Baydakova

May 19, 2023 at 7:39 p.m. UTC

May 19, 2023

SanctionsOFACTetherU.S. Treasury Department

Poloniex Agrees to $7.6M Settlement With OFAC

Video

Cdtv

Poloniex Agrees to $7.6M Settlement With OFAC

Poloniex LLC a U S entity previously affiliated with the Poloniex crypto exchange will remit 7 59 million to settle sanctions violation allegations with the U S Treasury Department's Office of Foreign Asset Control OFAC STORM Partners Managing Partner Sheraz Ahmed reacts to this development saying A lot of the exchanges are going to be [...]

By CoinDesk Inc

May 2, 2023 at 3:15 p.m. UTC

May 2, 2023

cdtvFM ClipOFACSocial_ClipSheraz ahmedStorm partnersPoloniex llc

Crypto Exchange Poloniex Agrees to $7.6M Fee to Settle Sanctions Violation Charges

Video

Nikhilesh de

Crypto Exchange Poloniex Agrees to $7.6M Fee to Settle Sanctions Violation Charges

Poloniex LLC a U S entity previously affiliated with the Poloniex crypto exchange will remit 7 59 million to settle sanctions violation allegations with the U S Treasury Department's Office of Foreign Asset Control OFAC the sanctions watchdog said Monday Coin Desk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest in crypto [...]

By CoinDesk Inc

May 2, 2023 at 2:36 p.m. UTC

May 2, 2023

Nikhilesh DecdtvFM Clipcrypto regulationNik DeOFACPoloniex llc

OFAC

Finance

Ethereum Wallet Tied to Sinaloa Cartel Sanctioned by U.S. Government

Consensus Magazine

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

Policy

Coinbase-Backed Group Loses Lawsuit Arguing Tornado Cash Sanctions Overstepped U.S. Treasury's Authority

Policy

Stablecoin Wallet Rpay Secures License from OFAC to Continue Operating in Venezuela

Video

Elliptic Chief Legal Officer on Crypto's Fentanyl Trade

Video

Blockchain Association CEO on Filing Amicus Brief in Coin Center Lawsuit Over Tornado Cash Sanctions

Policy

U.S. Treasury Sanctions North Korean-Owned Binance Wallets; Says Entities Used Funds to Support WMD Programs

Policy

U.S. Sanctions Watchdog Alleges Russia-Linked Crypto Wallet Processed $5M

Video

Poloniex Agrees to $7.6M Settlement With OFAC

Video

Crypto Exchange Poloniex Agrees to $7.6M Fee to Settle Sanctions Violation Charges