OFAC


Finance

Can Ethereum Fight Back Against the US’ Sweeping Censorship Attempt?

In a world where Ethereum users don’t want to be censored, there may be a way to push back.

Ethereum Community vs. Financial Censorship (K. Mitch Hodge/Unsplash)

Tech

Tornado Cash Fallout: Can Ethereum Be Censored?

In light of OFAC’s Tornado Cash sanctions, Ethereum's community debates what to do if validators censor sanctioned addresses.

(Pobytov/iStock/Getty Images Plus)

Opinion

The Downside of Sanctioning Tornado Cash

OFAC’s blacklisting of an Ethereum smart contract stands to compromise innocent users’ privacy while doing little to stop bad actors.

It's not the tornado that's the villain in "The Wizard of Oz," it's the witches. Similarly, Tornado Cash is different than the bad actors who may have used it. (W. W. Denslow /University of Virginia Library).

Videos

How Tornado Cash US Ban Could Impact Future of Crypto

Galaxy Digital has published a report on how the U.S. Treasury department’s sanction of crypto mixer Tornado Cash could impact the future of crypto.

CoinDesk placeholder image

Policy

Crypto-Mixing Service Tornado Cash Blacklisted by US Treasury

The department barred its use by U.S. persons as a matter of national security because North Korean hackers allegedly use the mixer to launder stolen crypto funds.

(Shutterstock)

Policy

US Treasury Official Warns Crypto Industry to Proactively Sanction 'Problematic' Wallets

FinCEN Associate Director Alessio Evangelista said crypto service providers shouldn't wait for the government to designate a wallet if it's being used for illicit activity.

FinCEN Associate Director Alessio Evangelista (Danny Nelson/CoinDesk)

Videos

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. CoinDesk’s Nikhilesh De unpacks what we know so far and why this is a story to continue watching.

CoinDesk placeholder image

Videos

US Officials Add North Korea-Link Bitcoin Mixer to Sanctions List

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned North Korea-linked crypto mixing service Blender.io as part of their ongoing efforts to freeze the flow of capital from the $620 million exploit of Axie Infinity Ronin Network.

CoinDesk placeholder image

Policy

US Officials Add North Korea-Linked Bitcoin Mixer, More BTC and ETH Addresses to Sanctions List

The U.S. Treasury Department is ramping up efforts to ice the flow of stolen crypto from a historic $620 million hack.

(Chip Somodevilla/Getty Images)

Pageof 11