The US Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned two Iranian nationals accused of orchestrating crypto transactions to help Tehran sell oil in defiance of international restrictions. On Sept. 16, OFAC named Alireza Derakhshan and Arash Estaki Alivand as central figures in a network that moved more than $100 million worth of […]
The post US sanctions say Iran’s oil for crypto web pushed $100M through 2023 to 2025 appeared first on CryptoSlate.
U.S. officials accused Garantex, Grinex, A7A5 token issuers and executives of laundering ransomware proceeds and evading sanctions.
The U.S. Treasury Department added the employee of a North Korean hacking group to its blacklist over his role in getting IT workers jobs in other countries.
A bulletproof hosting service provides servers that bypass law enforcement and cybersecurity organizations.
According to OFAC, Funnull Technology Inc. provides computer infrastructure for “hundreds of thousands” of pig butchering websites.
The wallets received payments directly from Huione Pay, a subsidiary of Huione Group.
TORN, the native token of privacy protocol Tornado Cash, has rallied over 70% following its removal from the US sanctions list. The Office of Foreign Assets Control (OFAC) confirmed on March 21 that it had delisted several Ethereum wallet addresses tied to the protocol. This marked a significant milestone for the embattled decentralized platform, which […]
The post Tornado Cash token soars 71% after removal from US sanctions list appeared first on CryptoSlate.
Tornado Cash was sanctioned multiple times over allegations of helping Lazarus Group launder funds.
Besciokov is charged with money laundering conspiracy, conspiracy to violate sanctions and conspiracy to operate an unlicensed money transmitting business.
Garantex was sanctioned in 2022 for facilitating money laundering for ransomware actors and darknet markets.
The US Department of the Treasury has imposed sanctions on Behrouz Parsarad, an Iranian national accused of managing the now-defunct Nemesis darknet marketplace. As part of the action, authorities blacklisted 49 Bitcoin (BTC) and Monero (XMR) addresses linked to him. The Office of Foreign Assets Control (OFAC) announced the sanctions on March 4, stating that […]
The post US Treasury blacklists 49 Bitcoin and Monero addresses linked to Nemesis darknet marketplace appeared first on CryptoSlate.
The US District Court for the Western District of Texas has overturned the sanctions imposed by the US Treasury’s Office of Foreign Assets Control (OFAC) on crypto-mixing protocol Tornado Cash. A Jan. 21 filing from the Fifth Circuit Court of Appeals ordered OFAC to remove Tornado Cash-linked addresses from its Specially Designated Nationals and Blocked […]
The post US court overturns Treasury sanctions on Tornado Cash appeared first on CryptoSlate.
OFAC says a front company in the UAE had been converting crypto into cash for North Korea.
Ethereum block builders Beaverbuild and Titan Builder have made around 88% of the blockchain’s blocks in recent weeks, and now BuilderNet aims to disrupt that.
A US appeals court ruled the Treasury’s OFAC “overstepped” when it sanctioned crypto mixer Tornado Cash’s smart contracts.
The Coin Center lawsuit, first filed in 2022, noted that one plaintiff used Tornado Cash to protect his identity while donating money.
Two crypto exchanges and two individuals have been sanctioned for ties to underground finance.
Last October, the Financial Crimes Enforcement Network (FinCEN) – the U.S. Treasury Department's money laundering watchdog – announced a proposal to label crypto mixers as a "primary money laundering" concern, a move that alarmed a broad swath of the crypto industry. Treasury Under Secretary for Terrorism and Financial Intelligence Brian Nelson addressed this move and more at CoinDesk's Consensus 2024 last month in Austin, Texas on stage. The following transcript has been lightly edited (and the bulk of my questions have been slimmed down to their gist).
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a new round of sanctions on crypto-related companies linked to Russia. The measure is part of the US government’s efforts to combat OFAC-designated entities from evading sanctions through virtual asset services. Related Reading: Rumors Swirl As North Korea’s ETH Transfer To BlackRock […]
The U.S. government tagged a number of bitcoin and ether addresses as being tied to the LockBit ransomware group, which was taken down on Monday.
The U.S. and other governments are adding a number of Hamas-affiliated financiers to a global financial blacklist, the Treasury Department's sanctions watchdog announced Monday.