ofac

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)

(Chip Somodevilla/Getty Images)
US Officials Add North Korea-Linked Bitcoin Mixer, More BTC and ETH Addresses to Sanctions List
The U.S. Treasury Department is ramping up efforts to ice the flow of stolen crypto from a historic $620 million hack.
(Chip Somodevilla/Getty Images)

Breaking News Feature Image
US Treasury Sanctions More North Korea-Linked ETH Wallets Over $600M Ronin Hack
The three new wallets join an Ethereum address added to the sanctions list last week.
Breaking News Feature Image

North Korean leader Kim Jong Un (SeongJoon Cho/Bloomberg via Getty Images)
Sanctioning an Ether Address Isn't Stopping Transactions
The operators of a crypto wallet added to the U.S. sanctions list continue to offload their funds.
North Korean leader Kim Jong Un (SeongJoon Cho/Bloomberg via Getty Images)

A BitRiver mining firm (Anna Baydakova for CoinDesk)
BitRiver Calls OFAC Sanctions ‘Unfair’ Anti-Competitive Move to Benefit US Miners
The firm and 10 of its subsidiaries were added to OFAC's list of designated nationals subject to sanctions.
A BitRiver mining firm (Anna Baydakova for CoinDesk)

(Eric Lafforgue/Art In All Of Us/Corbis via Getty Images)
Sanctioned Crypto Wallet Linked to North Korean Hackers Keeps Laundering
It’s a game of wallet whack-a-mole despite Tornado Cash’s efforts. For now, the hackers appear to be winning.
(Eric Lafforgue/Art In All Of Us/Corbis via Getty Images)

(Samuel Corum/Bloomberg via Getty Images)
US Sanctions Russia’s Hydra Darknet, Adds Over 100 Bitcoin Wallets to OFAC List
The move came alongside action by Germany, which earlier on Tuesday announced the shutdown of Hydra Market and seizure of $25 million in bitcoin.
(Samuel Corum/Bloomberg via Getty Images)

U.S. Senator Elizabeth Warren (Win McNamee/Getty Images)
The Unnoticed OFAC Budget Ask in Last Week's Crypto Congressional Hearing
Whether FinCEN and OFAC have the resources they need to enforce anti-money laundering rules seems very under-discussed.
U.S. Senator Elizabeth Warren (Win McNamee/Getty Images)

A sign displays forex rates to the ruble at an exchange bureau in Moscow on Monday. (Getty Images)
Bitcoiners Were Right: Weaponized Finance Just Created a Post-Dollar Planet
A wave of sanctions hitting Russia highlights the complex web of connections that make up contemporary global society – and its ultimate fragility.
A sign displays forex rates to the ruble at an exchange bureau in Moscow on Monday. (Getty Images)

Money exchanger in Ukraine (Ethan Swope/Bloomberg via Getty Images)
US Treasury Department Formally Adds Crypto Rules to Russian Sanctions Guidance
U.S. officials also hope crypto exchanges will block sanctioned individuals regardless of where they're headquartered.
Money exchanger in Ukraine (Ethan Swope/Bloomberg via Getty Images)