Policy
Poloniex Fined $7.5M for Violations of OFAC Sanctions
While Poloniex will have to pay a $7.5 million fine, OFAC cited its willingness to cooperate as a major mitigating factor.
Total Stories
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News
OFAC
Section
OFAC
Policy
Blockchain Association Joins the Fight Against Sanctions on Tornado Cash
Two crypto advocacy groups recently filed an amicus brief in the case against OFAC’s blacklisting of Tornado Cash calling the action “unlawful”.
Policy
US Treasury Sanctions Three Individuals for Supporting DPRK’s Lazarus Group
OFAC has again expanded its fight against North Korean hackers by sanctioning three individuals that had helped them transfer and launder proceeds from cyber attacks.
DeFi
Tornado Cash Contributor to Launch Sanctions-Complying Mixer, Privacy Pools
US sanctions killed crypto mixers, or did they just create a new form of crypto mixers?
Crypto
Ransomware Revenue Dropped By 40% in 2022: Here’s Why
Ransomware attacks were significantly less lucrative in 2022 compared to the year before.
DeFi
Kraken Settles With OFAC Over Alleged Violation of Iran Sanctions
Kraken agreed to pay more than $360,000 to settle with OFAC and invest another $100,000 to improve sanctions compliance controls.
Policy
Coin Center Sues Treasury and OFAC Over Tornado Cash Sanctions
After publishing a detailed analysis of the case in August, Coin Center finally filed its complaint over OFAC’s blacklisting of Tornado Cash.
Policy
OFAC Breaks Its Silence on Funds Locked With Tornado Cash
The document also offers clarification on which interactions with Tornado Cash are, and which aren’t sanctionable.
Crypto
Tornado Cash DAO Proposal Seeks Legal Fight Against US Sanctions
Sanctions against Tornado Cash can have heavy implications for DeFi. Where does the crypto mixer go from here?