Key Takeaways A U.S. district court has ruled that the Office of Foreign Assets Control (OFAC) cannot reimpose sanctions on the crypto mixing service, Tornado Cash. The decision, issued by Judge Robert Pitman in the Western District of Texas, permanently…
Key Takeaways On November 26, the U.S. Fifth Circuit Court of Appeals ruled that the U.S. Treasury Department had overstepped its legal authority by sanctioning Tornado Cash’s immutable smart contracts. The case centers around Tornado Cash, a decentralized privacy protocol…
Stablecoin issuer Tether stated that it is taking a voluntary approach to wallet freezing as part of its ongoing efforts to collaborate with regulatory bodies.
Key Takeaways The Blockchain Association, once again, is rallying behind six plaintiffs in their legal battle against the U.S. Treasury Office of Foreign Assets Control (OFAC) over sanctions on Tornado Cash. In a recent amicus curiae brief submitted on November…
The Office of Foreign Assets Control of the U.S. Treasury has placed sanctions against a number of addresses linked to cybercrime in North Korea.
Sanctions against three people have been announced by the Office of Foreign Assets Control of the U.S. Treasury because they are reportedly connected to North Korea's infamous Lazarus Group.
Elliptic states the way Sinbad mixer operates is identical to Blender because of "ten-digit mixer codes, guarantee letters signed by the service address, and a maximum seven-day transaction delay."
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