While Tether attempts to disassociate itself from entities and individuals on Office of Foreign Assets Control’s SDN list, Coinbase is acting tough as it continues to show its rejection of the Office's sanctions list.
Sinbad.io, a key money laundering tool for North Korean hacker Lazarus Group, had its website seized by U.S. authorities and is now facing sanctions over alleged coin mixing services.
Binance attempts to stay afloat with the appointment of its new CEO after CZ stepped down following a guilty plea on charges tied to sanctions violations and breaching the Bank Secrecy Act.
Binance remains a key conduit for Russian entities looking to convert rubles into digital assets that can then be exchanged for mainstream fiat currencies, according to a Wall Street Journal report.
Plaintiffs claimed that the description of Tornado Cash was inconsistent and that the sanctioned "property" slammed by the OFAC amounts to nothing more than smart contracts.
The sanctioned members of the malware gang Trickbot have been listed under OFAC's SDN and will have all their illicit asset gains, which amounted to over $700 million, seized.
The U.S. Securities and Exchange Commission appears to have the Coinbase and Kraken digital asset exchanges squarely in its sights for dealing in unregistered securities.
OFAC blacklists the BTC and ETH addresses operated by Jonatan and Vladimirovich Zimenkov, both facing allegations of running a Russian sanctions evasion network.
Chainalysis says 2022’s estimates are further complicated by the year’s unprecedented carnage that followed the collapse of major crypto firms, such as Celsius, Three Arrows Capital (3AC), and FTX.
Wednesday's Senate hearing on the FTX debacle saw groups of speakers clash on whether there is a need to regulate the digital asset class or stop governments from interfering with the market.
The settlement relates to 826 transactions worth $1,680,577.10 which were processed by Kraken on behalf of individuals located in Iran, which has been subject to U.S. sanctions since 1987.
Months after being put on the SDN list, OFAC announced that Tornado Cash is linked to North Korea's nuke program in an effort to stomp Pyongyang's illegal weapons advancements.
