OFAC
Coverage of OFAC in the Nexus archive.
- US Treasury Sanctions Iranian Firms Taking Bitcoin for Hormuz Passage
The US Treasury sanctioned two Iranian firms, including Hormuz Safe, for accepting Bitcoin and other digital assets. OFAC, a Treasury agency, imposed the sanctions.
- OFAC sanctions 134 ISIS-K crypto wallet addresses as Tether freezes funds
OFAC added 134 crypto wallet addresses linked to ISIS-K to its sanctions list, including 131 Tron addresses that received over $1.4 million in crypto donations, according to Chainalysis. Tether froze funds associated with these addresses.
- US sanctions Sinaloa cartel-linked Ethereum addresses
The US Office of Foreign Assets Control (OFAC) has sanctioned six Ethereum addresses connected to a Sinaloa Cartel money laundering operation that was allegedly converting drug trafficking proceeds into cryptocurrency. This action represents a significant enforcement effort against criminal organizations utilizing blockchain technology for financial crimes.
- US sanctions Sinaloa Cartel-linked cash-to-crypto laundering network tied to fentanyl trafficking
The US Office of Foreign Assets Control (OFAC) has sanctioned a cash-to-cryptocurrency laundering network connected to the Sinaloa Cartel that was allegedly used to launder proceeds from fentanyl trafficking. The sanctions target the infrastructure used to convert illicit drug profits into digital assets.
- Thank goodness I checked!
The author of the post was cautious about receiving cryptocurrency payment from a client due to risk of contaminated funds and used a wallet screener to check the client's wallet address, finding it had ties to an OFAC Sanctioned wallet. The author was able to avoid interaction with the suspicious wallet. The client's local currency was going through hyperinflation.
- Founder feedback request: would Web3 counterparty assurance be useful for your agents?
A founder is seeking feedback on a Web3 counterparty assurance product for AI agents, offering features like sanctions screening, mixer-tainted scoring, and contract audit aggregation. The product aims to provide a single decision-ready answer with audit trails for DeFi automation and AI agent use cases.
- The Balkanization of Bitcoin: How Stratum V2 and the Pleb Miner Defeat OFAC Base-Layer Censorship. The state couldn't ban the network, so they captured the corporate miners. How Stratum V2 and a decentralized army of off-grid pleb miners are mathematically destroying OFAC censorship.
The article discusses how OFAC's attempts to censor Bitcoin through corporate miner control are being countered by Stratum V2 and decentralized 'pleb miners.' These technologies enable off-grid, censorship-resistant mining, undermining state efforts to regulate the network.
- The Balkanization of Bitcoin: How Stratum V2 and the Pleb Miner Defeat OFAC Base-Layer Censorship. The state couldn't ban the network, so they captured the corporate miners. How Stratum V2 and a decentralized army of off-grid pleb miners are mathematically destroying OFAC censorship.
The article discusses how Stratum V2 and decentralized 'pleb miners' are countering OFAC's attempts to censor Bitcoin by decentralizing mining operations, making it harder for governments to control the network. It highlights the shift from corporate miners being targeted to a grassroots, off-grid mining approach that resists censorship.
- The Balkanization of Bitcoin: How Stratum V2 and the Pleb Miner Defeat OFAC Base-Layer Censorship. The state couldn't ban the network, so they captured the corporate miners. How Stratum V2 and a decentralized army of off-grid pleb miners are mathematically destroying OFAC censorship.
The article discusses how OFAC's attempts to censor Bitcoin through corporate miner control are being countered by Stratum V2 technology and decentralized 'pleb miners.' These grassroots efforts are described as mathematically undermining state-driven censorship by leveraging off-grid, decentralized mining networks.
- Tether freezes $344 million in USDT on Tron after wallets flagged by US authorities
Tether froze $344 million in USDT on the Tron blockchain after coordination with OFAC and U.S. law enforcement. The action follows reports of wallets linked to illicit activities being flagged by U.S. authorities.