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OFAC

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...
Poloniex Agrees to $7.6M Settlement With OFAC
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...
Crypto Exchange Poloniex Agrees to $7.6M Fee to Settle Sanctions Violation Charges
By CoinDesk Inc
May 2, 2023 at 2:36 p.m. UTC
May 2, 2023
Nikhilesh DecdtvFM Clipcrypto regulationNik DeOFACPoloniex llc
(Nikhilesh De/CoinDesk)
Policy
Regulations
Crypto Exchange Poloniex Agrees to $7.6M Fee to Settle Sanctions Violation Charges
Poloniex allegedly did not maintain proper know-your-customer practices between 2014 and 2019.
(Nikhilesh De/CoinDesk)
By Nikhilesh De
May 1, 2023 at 6:22 p.m. UTC
May 1, 2023
RegulationsPoloniexJustin SunOFACU.S. Treasury DepartmentSanctions
U.S. Treasury Department in Washington, D.C. (Jesse Hamilton/CoinDesk)
Policy
Regulations
U.S. Sanctions 3 North Koreans for Supporting Hacking Group Known for Crypto Thefts
The three were engaged in crypto activities themselves, and the U.S. Treasury Department says they were tied to the networks of DPRK entities laundering stolen crypto or movin...
U.S. Treasury Department in Washington, D.C. (Jesse Hamilton/CoinDesk)
By Nikhilesh DeJesse Hamilton
Apr 24, 2023 at 2:33 p.m. UTC
Apr 24, 2023
RegulationsSanctionsOFACLazarus groupU.S. Treasury DepartmentNorth Korea
A illustrative example of a Tornado. (NOAA)
Consensus Magazine
Opinion
How OFAC’s Tornado Cash Sanctions Violate U.S. Citizens’ Constitutional Rights
In filing a “friend of the court” brief, the Blockchain Association argues that financial privacy is fundamental – even in the digital realm.
A illustrative example of a Tornado. (NOAA)
By Marisa T. Coppel
Apr 18, 2023 at 3:06 p.m. UTC
Apr 18, 2023
OpinionTornado CashOFACOffice of Foreign Assets ControlBlockchain Association
(Creative Commons, modified by CoinDesk)
Technology
Valid points
Latest Ethereum Blocks Suggest Validators Are Reversing Censorship
Noncensoring relays such as Agnostic and ultra sound are delivering more data blocks on Ethereum than Flashbots, the one-time king of MEV-delivering relays.
(Creative Commons, modified by CoinDesk)
By Margaux Nijkerk
Mar 22, 2023 at 11:00 a.m. UTC
Mar 22, 2023
Valid PointsNewslettersEthereumMEVOFACValidatorsThe Protocol
(Israel Palacio/Unsplash)
Technology
Tornado cash
Tornado Cash Fork, Privacy Pools, Deployed on Optimism Testnet
Privacy Pools uses zero-knowledge proofs to prove that funds in anonymous transactions are not linked to criminal activity, such as North Korea’s $625 million hack on Axie Inf...
(Israel Palacio/Unsplash)
By Sage D. Young
Mar 6, 2023 at 10:27 p.m. UTC
Mar 6, 2023
Tornado CashPrivacyopen-sourceOFACZero-Knowledge Proofs
(Adam Levine/CoinDesk)
Finance
Chainalysis
Crypto Crime Hit All-Time High of $20.6B in 2022: Chainalysis
Kim Grauer, the blockchain sleuthing firm's head of research, told CoinDesk TV sanctioned activity and hacking were the driving forces behind the rise in illicit transaction v...
(Adam Levine/CoinDesk)
By Fran Velasquez
Feb 27, 2023 at 8:41 p.m. UTC
Feb 27, 2023
ChainalysisKimberly GrauerCoinDesk TVHacksSanctionsOFAC
(Creative Commons, modified by CoinDesk)
Technology
Ethereum
Fewer Than Half of New Ethereum Blocks Over the Past 24 Hours Are OFAC Compliant
For the first time since October, fewer than 50% of new blocks over a 24-hour period are OFAC compliant, partially thanks to more noncensoring options that make up a larger sh...
(Creative Commons, modified by CoinDesk)
By Margaux Nijkerk
Feb 14, 2023 at 10:26 p.m. UTC
Feb 14, 2023
EthereumCensorshipMEVOFACTornado CashValidatorsFlashbots
The U.S. Treasury Department's OFAC division participated in a cross-jurisdictional takedown of the little-known crypto exchange Bitzlato. (Nikhilesh De/CoinDesk)
Consensus Magazine
Bitzlato
Bitzlato Co-Founder Released After Arrest in Moscow, Pledges Relaunch of Seized Exchange
“I could launch the exchange from my apartment," Anton Shkurenko said of the exchange multinational authorities shut down in January. The Bitzlato team has retained most of it...
The U.S. Treasury Department's OFAC division participated in a cross-jurisdictional takedown of the little-known crypto exchange Bitzlato. (Nikhilesh De/CoinDesk)
By Anna Baydakova
Feb 10, 2023 at 1:39 a.m. UTC
Feb 10, 2023
BitzlatoHydraSanctionsOFAC