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OFAC

Ethereum Blockchain Reaches New Censorship Milestone
Video
Ethereum
Ethereum Blockchain Reaches New Censorship Milestone
The Ethereum blockchain reached a new censorship milestone Friday when 51% of the blocks produced over a 24-hour period followed the U.S. Treasury Department's Office of Forei...
Ethereum Blockchain Reaches New Censorship Milestone
By CoinDesk Inc
Oct 17, 2022 at 6:35 p.m. UTC
Oct 17, 2022
EthereumcdtvHash clipTreasury DepartmentOFACOffice of Foreign Assets Control
Coin Center Executive Director Jerry Brito (Shutterstock/CoinDesk)
Policy
Regulation
Crypto Think Tank Coin Center Sues US Treasury Over Tornado Cash Sanctions
Coin Center is backing a second lawsuit against the U.S. Treasury Department, alleging its sanctioning of Tornado Cash overstepped legal bounds.
Coin Center Executive Director Jerry Brito (Shutterstock/CoinDesk)
By Nikhilesh De
Oct 12, 2022 at 4:44 p.m. UTC
Oct 12, 2022
RegulationCoin CenterOFACUS Treasury DepartmentSanctionsTornado Cash
(Morgan Brown/Shutterstock/CoinDesk)
Policy
Regulation
Crypto Exchange Bittrex to Pay $30M in US Treasury Sanctions Settlement
Crypto exchange Bittrex will pay the U.S. Treasury Department’s sanctions and money laundering watchdogs $30 million to settle allegations it maintained a poor compliance prog...
(Morgan Brown/Shutterstock/CoinDesk)
By Nikhilesh De
Oct 11, 2022 at 2:57 p.m. UTC
Oct 11, 2022
RegulationBittrexSanctionsOFACFinCEN
(Nikolas Noonan/Unsplash, modified by CoinDesk)
Consensus Magazine
Tornado cash
How to Stop Illegal Activity on Tornado Cash (Without Using Sanctions)
Rather than sanctioning code, U.S. authorities should have targeted the human intermediaries.
(Nikolas Noonan/Unsplash, modified by CoinDesk)
By JP Koning
Sep 29, 2022 at 7:04 p.m. UTC
Sep 29, 2022
Tornado CashOpinionOFACSanctionsMoney Laundering
(fabio/Unsplash)
Consensus Magazine
Opinion
The Problem Tornado Cash Raises About Base Layer Censorship on Ethereum
Requiring validators and others to censor blocks would be an unwarranted expansion of sanctions law.
(fabio/Unsplash)
By Amy Aixi ZhangRodrigo Seira
Sep 28, 2022 at 4:44 p.m. UTC
Sep 28, 2022
OpinionBlockchainCensorshipTornado CashOFACUS
Markets Daily Podcast Cover
Podcasts
Podcasts
Crypto Update: OFAC Backtracks, but Tornado Cash Sanctions Already Set a Terrifying Precedent
With bitcoin sliding on Friday after gaining 5.1% on Thursday, but overall, remaining resilient under tough market conditions, plus a look at the implications of OFACs overrea...
Markets Daily Podcast Cover
By Adam B. LevineAdrian Blust
Sep 23, 2022 at 4:09 p.m. UTC
Sep 23, 2022
PodcastsMarkets DailyOFACRegulation
(Chip Somodevilla/Getty Images)
Policy
Regulations
US Treasury Blacklists Several More Bitcoin Addresses Allegedly Tied to Iran Ransomware Attacks
The sanctions watchdog agency added several bitcoin addresses allegedly used in ransomware attacks to its blacklist.
(Chip Somodevilla/Getty Images)
By Nikhilesh DeDanny Nelson
Sep 14, 2022 at 3:08 p.m. UTC
Sep 14, 2022
RegulationsSanctionsIranRansomwareOFACUS Treasury
(JTSorrell/Getty Images)
Policy
Regulations
US Treasury Explains How Americans Can Recover Crypto Locked in Tornado Cash
The Treasury's sanctions watchdog added Tornado Cash to its blacklist last month.
(JTSorrell/Getty Images)
By Nikhilesh De
Sep 13, 2022 at 3:58 p.m. UTC
Sep 13, 2022
RegulationsOFACSanctionsTornado Cash
Preston Van Loon, Prysmatic Labs co-founder at Consensus 2022 in Austin, Texas. (Scott Moore/Shutterstock/CoinDesk)
Policy
Tornado cash
Crypto Engineers, Investors Sue US Treasury Over Tornado Cash Sanctions
The Treasury’s sanctions watchdog, OFAC, exceeded its authority in blacklisting smart contract wallets, six plaintiffs allege in a new suit.
Preston Van Loon, Prysmatic Labs co-founder at Consensus 2022 in Austin, Texas. (Scott Moore/Shutterstock/CoinDesk)
By Nikhilesh De
Sep 8, 2022 at 1:17 p.m. UTC
Sep 8, 2022
Tornado CashCoinbaseOFACUS Treasury DepartmentLawsuit
Bitcoin transactions that have been through a mixer stand out from the rest. But that could change. (Getty Images)
Technology
Bitcoin
Can Privacy-Focused Bitcoin Projects Avoid OFAC Sanctions?
Bitcoin that’s been sent through privacy-preserving mixers could be vulnerable to censorship. But there are some workarounds in progress.
Bitcoin transactions that have been through a mixer stand out from the rest. But that could change. (Getty Images)
By Frederick Munawa
Aug 30, 2022 at 6:15 p.m. UTC
Aug 30, 2022
BitcoinPrivacyTornado CashEthereumOFAC