US sanctions Russian crypto platforms for money laundering ties

Two crypto exchanges and two individuals have been sanctioned for ties to underground finance.

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Customers Bank to strengthen AML compliance after Fed scrutiny

The crypto-friendly banks activities during the 2023 banking crisis will also be examined.

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Tornado Cash sanctions effective, reveal Ethereum weakness: NY Fed

Cooperation with the US Treasury sanctions on Tornado Cash was strongest at the user level and weaker further along the settlement chain.

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OFAC Sanctions Russian UAV Developer KB Vostok Amid Ukraine Conflict

OFAC imposes sanctions on Russian drone developer KB Vostok, linked to Ukraine invasion, disrupting Russias military supply chain. (Read More)

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OFAC Designates Nordic Resistance Movement as SDGT

OFAC sanctions Nordic Resistance Movement for violent extremism and crypto-funded terrorism. (Read More)

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Judge rules US Treasurys OFAC powerless to reinstate Tornado Cash sanctions

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) is unable to reverse sanctions imposed on Tornado Cash, a popular Ethereum mixer service. Despite efforts to reach out to OFAC for clarification on the matter, it seems the sanctions placed on Tornado Cash will remain in place. This development has raised concerns [...]

The post Judge rules US Treasurys OFAC powerless to reinstate Tornado Cash sanctions appeared first on Crypto Breaking News.

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US Treasury Sanctions 49 Crypto Addresses Tied to Nemesis Darknet Market

Nemesis $30M drug trade included fentanyl, fake IDs, and hacking services, with Russian-language platforms dominating 97% of darknet sales.

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U.S. Sanctions Iran-Based Administrator for Darknet Marketplace Fentanyl Sales

The U.S. Treasury's OFAC has sanctioned an Iran-based darknet marketplace administrator for facilitating global fentanyl sales, highlighting the extensive use of cryptocurrencies in illegal drug trades. (Read More)

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U.S., U.K. Issue Joint Sanctions of Hamas-Aligned Gaza Now

Blockchain analytics firm Elliptic found that the online organization raised a mere $21,000 in crypto for Hamas since the October 7th attacks.Source: CoinDesk

The post U.S., U.K. Issue Joint Sanctions of Hamas-Aligned Gaza Now appeared first on Crypto Breaking News.

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Crypto Addresses of Hamas-Aligned Gaza Now Is Sanctioned by U.S, U.K.

Blockchain analytics firm Elliptic found that the online organization raised a mere $21,000 in crypto for Hamas since the October 7th attacks.Source: CoinDesk

The post Crypto Addresses of ‘Hamas-Aligned’ Gaza Now Is Sanctioned by U.S, U.K. appeared first on Crypto Breaking News.

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Crypto Addresses of Hamas-Aligned Gaza Now Sanctioned by U.S, U.K.

Blockchain analytics firm Elliptic found that the online organization raised a mere $21,000 in crypto for Hamas since the October 7th attacks.Source: CoinDesk

The post Crypto Addresses of ‘Hamas-Aligned’ Gaza Now Sanctioned by U.S, U.K. appeared first on Crypto Breaking News.

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US sanctions 13 crypto firms for alleged involvement with Russian banks

The OFCA sanctioned 13 entities for building crypto services which it claims have potentially aided Russian nationals evade sanctions.

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OFACs Fury Unleashed: 13 Crypto Firms, 2 Individuals Blacklisted

Crypto entities are under scrutiny as the U.S. Department of the Treasurys Office of Foreign Assets Control (OFAC) has imposed sanctions on 13 entities and two individuals. These sanctions come in response to their alleged facilitation of sanctions evasion on behalf of Russian nationals through the provision of cryptocurrency-related services. The OFAC’s statement highlights the […]

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Tornado Cash Cleared from OFAC Sanctions List, But Legal Challenges Continue

U.S. Treasury removes Tornado Cash addresses from OFAC sanctions list after court ruling, while maintaining pressure on North Korean cybercrime activities.

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Tornado Cash token soars 71% after removal from US sanctions list

TORN, the native token of privacy protocol Tornado Cash, has rallied over 70% following its removal from the US sanctions list. The Office of Foreign Assets Control (OFAC) confirmed on March 21 that it had delisted several Ethereum wallet addresses tied to the protocol. This marked a significant milestone for the embattled decentralized platform, which […]

The post Tornado Cash token soars 71% after removal from US sanctions list appeared first on CryptoSlate.

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Binance Aids US Law Enforcement in Seizing $4.4 Million Linked to North Korean Cybercrimes

Leading cryptocurrency exchange Binance has assisted US law enforcement in seizing $4.4 million and freezing accounts associated with North Korean organized crime. (Read More)

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Here’s Why Coinbase Received 40K BTC From US Government

Recently, the US government transferred 40,000 Bitcoins worth over $2 billion to the Coinbase cluster. The majority of the transactions appear to be internal, despite the move igniting speculation that the government may be attempting to sell off its holdings when the local cryptocurrency market is at all-time highs. Internal transfers are commonplace processes that […]

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Lendhub protocol exploiters spotted shifting $3.85M into Tornado Cash

Despite the sanctions on the crypto mixing service, the bad actors behind January’s biggest exploit have deposited millions worth of funds into Tornado Cash.

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Ethereum’s OFAC-Compliant blocks drop to 47%

The number of Ethereum (ETH) blocks compliant with the United States Office of Foreign Asset Control (OFAC) fell to 47% on February 13 — the lowest since October 11 — according to MEV Watch data.

The post Ethereum’s OFAC-Compliant blocks drop to 47% appeared first on CryptoSlate.

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Ethereum Blocks Complying with OFAC Orders Drop to Lowest Level since October: Report

The compliance rate of Ethereum blocks with orders from the U.S. Office of Foreign Asset Control (OFAC) has reached a new low of 47%, the lowest since October 2021, following a peak of 79% on November 21st, 2022, according to a February 14th report. This development marks a significant milestone in the fight against censorship. […]

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