Office of Foreign Assets Control

A illustrative example of a Tornado. (NOAA)
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)

BlockFi Files for Bankruptcy; Kraken Settles US Treasury Case Over Serving Customers in Iran
BlockFi Files for Bankruptcy; Kraken Settles US Treasury Case Over Serving Customers in Iran
Crypto lender BlockFi files for bankruptcy protection as FTX contagion spreads. JPMorgan says crypto market regulatory initiatives that are already underway are likely to be accelerated. The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) reaches a settlement with crypto exchange Kraken over serving customers in Iran.
BlockFi Files for Bankruptcy; Kraken Settles US Treasury Case Over Serving Customers in Iran

Ethereum Blockchain Reaches New Censorship Milestone
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 Foreign Assets Control (OFAC) compliance recommendations. "The Hash" hosts discuss the continuous growth of censorship on Ethereum and what this means for the Ethereum ecosystem.
Ethereum Blockchain Reaches New Censorship Milestone

US Sanctions North Korea-Linked Bitcoin Mixer Blender.io
US Sanctions North Korea-Linked Bitcoin Mixer Blender.io
The U S Treasury Department’s Office of Foreign Assets Control OFAC sanctioned North Korea linked crypto mixing service Blender io as part of its efforts to ice the flow of stolen crypto from the infamous over 600 million Ronin hack Coin Desk’s Nikhilesh De unpacks what we know so far and why this is a [...]
US Sanctions North Korea-Linked Bitcoin Mixer Blender.io