OFAC

Tornado Cash website and Discord taken offline (Nikolas Noonan/Unsplash)

While North Korean hackers have mostly moved to other Bitcoin mixers, some illicit use of Tornado Cash continues, a report from TRM Labs says.

By Shaurya Malwa

Oct 11, 2023 at 1:00 p.m. UTC

Oct 11, 2023

TradingNorth KoreaOFAC

U.S. authorities cracked down on another ring of fentanyl suppliers they say are tied to Chinese companies and using cryptocurrency to move money. (Photo illustration by Jesse Hamilton)

Policy

Regulations

Chinese Firms Used Crypto Payments to Run Fentanyl Network, U.S. Claims in Charges

The U.S. Department of Justice charged eight companies with illegal drug production, distribution and sales of precursor chemicals, saying they used cryptocurrency to move mon...

By Jesse Hamilton

Oct 3, 2023 at 7:44 p.m. UTC

Oct 3, 2023

RegulationsDepartment of JusticeIndictmentFentanylChinaSanctionsWalletsOFACTreasury

OFAC sanctions Ethereum wallet (Pixabay)

Finance

Crime

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

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)

Consensus Magazine

Opinion

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)

Policy

Regulations

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

Policy

Reserve

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

Video

Cdtv

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 usin...

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...

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