ofac

CDCROP: Preston Van Loon, Co-founder, Prysmatic Labs (Scott Moore/Shutterstock/CoinDesk)
Crypto Engineers, Investors Sue US Treasury Over Tornado Cash Sanctions
The Treasury’s sanctions watchdog, OFAC, exceeded its authority in blacklisting smart contract wallets, six plaintiffs allege in a new suit.
CDCROP: Preston Van Loon, Co-founder, Prysmatic Labs (Scott Moore/Shutterstock/CoinDesk)

CDCROP: One ball in ring, many excluded (Getty Images)
Can Privacy-Focused Bitcoin Projects Avoid OFAC Sanctions?
Bitcoin that’s been sent through privacy-preserving mixers could be vulnerable to censorship. But there are some workarounds in progress.
CDCROP: One ball in ring, many excluded (Getty Images)

A protest against Pertsev's arrest in Amsterdam Saturday
Wife of Arrested Tornado Cash Developer Denies Russia Secret Service Links
Financial-crime analysts at Kharon have connected Alexey Pertsev, who is currently in a Dutch prison awaiting trial on suspicion of facilitating money laundering via crypto protocols, to Russian espionage.
A protest against Pertsev's arrest in Amsterdam Saturday

CDCROP: Congressman Tom Emmer
US Lawmaker Emmer Asks Treasury Department to Explain Tornado Cash Sanctions
Treasury's sanctions watchdog sanctioned Tornado Cash earlier this month on allegations it helped North Korea's Lazarus Group launder millions of stolen crypto funds.
CDCROP: Congressman Tom Emmer

(K. Mitch Hodge/Unsplash)
Can Ethereum Fight Back Against the US’ Sweeping Censorship Attempt?
In a world where Ethereum users don’t want to be censored, there may be a way to push back.
(K. Mitch Hodge/Unsplash)

(Pobytov/iStock/Getty Images Plus)
Tornado Cash Fallout: Can Ethereum Be Censored?
In light of OFAC’s Tornado Cash sanctions, Ethereum's community debates what to do if validators censor sanctioned addresses.
(Pobytov/iStock/Getty Images Plus)

CDCROP: An illustration by W. W. Denslow from L. Frank Baum's "The Wizard of Oz" (University of Virginia Library).
The Downside of Sanctioning Tornado Cash
OFAC’s blacklisting of an Ethereum smart contract stands to compromise innocent users’ privacy while doing little to stop bad actors.
CDCROP: An illustration by W. W. Denslow from L. Frank Baum's "The Wizard of Oz" (University of Virginia Library).

(Nuthawut Somsuk/Getty Images, modified by CoinDesk)
Are the US Sanctions on Tornado the Beginning of a War on Privacy?
The U.S. Treasury Department’s OFAC has added Tornado Cash and all associated addresses to the sanctions list.
(Nuthawut Somsuk/Getty Images, modified by CoinDesk)

CDCROP: Treasury Department (Shutterstock)
Crypto-Mixing Service Tornado Cash Blacklisted by US Treasury
The department barred its use by U.S. persons as a matter of national security because North Korean hackers allegedly use the mixer to launder stolen crypto funds.
CDCROP: Treasury Department (Shutterstock)

FinCEN Associate Director Alessio Evangelista. (Danny Nelson/CoinDesk)
US Treasury Official Warns Crypto Industry to Proactively Sanction 'Problematic' Wallets
FinCEN Associate Director Alessio Evangelista said crypto service providers shouldn't wait for the government to designate a wallet if it's being used for illicit activity.
FinCEN Associate Director Alessio Evangelista. (Danny Nelson/CoinDesk)