Treasury Official Insists Crypto Mixers Can Obstruct Russian Sanctions
By / September 21, 2022, 4:53 am EDT

… regulations after international restrictions
The Treasury has identified more than 20 Russian entities attempting to evade sanctions using crypto

Imposing sanctions on cryptocurrency mixers would help strengthen the US government’s response in preventing entities from skirting sanctions, according to a …

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Torn by US Sanctions, Tornado Cash Token Tumbles
By / August 12, 2022, 12:56 pm EDT

… sources before transferring them — for facilitating money laundering by a DPRK state-sponsored cyber hacking group.

In response to the sanctions, Tornado Cash DAO has hastily voted in favor of adding the DAO governance to its treasury’s multi-signatory (multisig …

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Netherlands Arrests Suspected Tornado Cash Dev Days After US Sanctions
By / August 12, 2022, 6:21 am EDT

… repository GitHub also shut down Tornado Cash’s account. Tornado Cash’s native token, TORN, has collapsed 40% since the sanctions were revealed, per CoinGecko.

“The online service [Tornado Cash] makes it possible to conceal the origin or destination of cryptocurrencies …

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DYdX Attempts To Spare Users Unfairly Targeted by Tornado Cash Sanctions
By / August 11, 2022, 1:55 pm EDT

… after Circle and its USDC launch partner, Coinbase, blocked the movement of USDC to sanctioned addresses

In accordance with federal sanctions regulations, decentralized crypto exchange dYdX said it has begun blocking users that have interacted with Tornado Cash, but the dYdX …

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Tornado Cash Sanctions Expose Potential DeFi Achilles’ Heel
By / August 9, 2022, 7:09 pm EDT

… a number of token bridge hacks, including the Axie Infinity and Nomad incidents.

Shortly after the US Treasury’s latest sanctions against Tornado Cash came to light, stablecoin issuer Circle began blacklisting the 45 Ethereum addresses named by OFAC.

OFAC’s …

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Treasury's Tornado Cash Sanctions Have Companies Stepping Back From Users
By / August 8, 2022, 5:54 pm EDT

The US Treasury Department sanctioned Tornado Cash and related wallets Monday, prompting some companies to suspend accounts and freeze assets
Roman Semenov, one of the three founders of Tornado Cash, said his GitHub account was suspended

In the hours after the …

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US Treasury Sanctions Crypto Mixing Service Tornado Cash
By / August 8, 2022, 10:50 am EDT

Tornado cash is now on the Treasury’s list of services US individuals cannot use
The sanctions come as money moved via crypto mixing services increased in 2022

In its first on-chain decentralized finance protocol sanction, the US Treasury Department …

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Crypto Traders in Iran Skirted Binance Ban Following US Sanctions
By / July 12, 2022, 6:34 am EDT

Reuters found some crypto traders in Iran could still access Binance despite US sanctions and a company ban
The exchange has said it has blocked access to anyone in Iran out of respect for the US

Binance, the world’s leading …

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Binance To Tighten KYC and Sanctions Screening To Address Exchange's 'Risk'
By / May 26, 2022, 10:26 am EDT

… Binance in its efforts
The exchange says the partnership will complement its existing screening controls for illicit crypto activity including sanctions measures

Cryptocurrency exchange Binance is vying to bolster its know your customer (KYC) controls and sanctions screening via a new …

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US Treasury Sanctions First Crypto Mixing Service Following Record Hack
By / May 6, 2022, 4:57 pm EDT

… the FBI said is responsible for the largest cryptocurrency hack to date

The US Treasury Department has levied its first sanctions against a crypto mixing service, or a means of obscuring the origin of a digital asset. 

The Treasury on Friday …

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