Tag: OFAC
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.
www.co [...]
U.S. Treasury’s OFAC Bans Crypto Addresses Tied to LockBit Ransomware Group From Financial System
"The LockBit ransomware variant, like other major ransomware variants, operates in the 'ransomware-as-a-service' (RaaS) model, in which administrators [...]
U.S., U.K., Australia Sanction Hamas-Affiliated Crypto Transaction Facilitators
No specific crypto addresses were added to the Specially Designated Nationals list, unlike typical crypto sanctions. Instead, a press release cited Is [...]
OFAC Accepts $1.2M Fine from Crypto Exchange CoinList to Settle Allegation of Russia Sanctions Violations
“This enforcement action further emphasizes the importance for virtual currency companies and those involved in emerging technologies to incorporate r [...]
Hong Kong Crypto Exchange Bitzlato Co-Founder Pleads Guilty to U.S. Money Transmitter Charge
Anatoly Legkodymov, a co-founder of Hong Kong-based crypto exchange Bitzlato, pleaded guilty to operating an unlicensed money transmitter tied to alle [...]
Fewer Transactions Sanctioned by U.S. Government’s OFAC Are Getting Through on Ethereum, Data Shows
This large percentage resulted, in part, from the fact that a small number of relayers were available in MEV-Boost's early days, and the most popular [...]
Crypto Mixer Sanctioned by U.S. Treasury for North Korea Allegations, as FBI and Finish Police Seize Website
Treasury's Office of Foreign Assets Control, or OFAC, designated two Bitcoin addresses and two email addresses tied to Sinbad, banning all U.S. person [...]
Bitcoin Mining Pool F2Pool Accused of Censoring Transactions on U.S. Government Blacklist
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Binance's Busy Day, Kraken's Second SEC Fight
Binance is paying one of the largest fines in corporate history to the U.S. Department of Justice, while its founder and CEO, Changpeng "CZ" Zhao, ste [...]
Binance to Make ‘Complete Exit’ From U.S., Pay Billions to FinCEN, OFAC on Top of DOJ Settlement
Crypto exchange Binance will leave the U.S., pay billions in fines and appoint a monitor for five years to settle charges with the Financial Crimes En [...]
Ethereum OFAC compliance dips to 45% post-Merge upgrade
The historic Merge upgrade from Sept. 2022 — which marked Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS) — resulted in the ove [...]
Rpay Secures License from OFAC to Continue Operating in Venezuela
Rpay was developed by the team behind the stablecoin protocol Reserve and currently has 600,000 registered in Latin America and 300,000 on a waiting l [...]
OFAC sanctions OTC traders who converted crypto for North Korea’s Lazarus group
The United States Treasury Department has identified over-the-counter (OTC) cryptocurrency traders who assisted North Korea’s Lazarus Group in convert [...]
Fewer Than Half of New Ethereum Blocks Over the Past 24 Hours Are OFAC Compliant
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Kraken settles with US Treasury’s OFAC for violating US sanctions
The United States Treasury Department’s Office of Foreign Assets Control, or OFAC, has announced a settlement with crypto exchange Kraken for “apparen [...]