OFAC
Crypto Regulation, Ransomware and OFAC’s Rise
The Treasury Department’s Office of Foreign Asset Control has quietly been very busy.
Egor Petukhovsky, CEO of US-Sanctioned Suex, Says He Will Go to Court
The founder of the Russian over-the-counter crypto desk Suex said he wants to restore his reputation in U.S. court.
Bitcoin Won’t Save the Afghan People
Crypto activity in the collapsing country is likely a sign of capital flight by corrupt elites, not aid or remittances flowing in, according to one expert.
Bitcoin Miner Marathon Will No Longer Censor Transactions, CEO Says
"Marathon is committed to the core tenets of the Bitcoin community, including decentralization, inclusion, and no censorship," said the CEO.
Marathon Miners Have Started Censoring Bitcoin Transactions; Here's What That Means
Despite Marathon's efforts, transactions from a dark web market still made it into the block.
US Government Sanctions Crypto Addresses Linked to Russian Election Fraud Scheme
The move is part of a sweeping set of actions taken by the U.S. government against alleged Russian election interference.
BitPay to Pay $500K to Settle OFAC Sanction Violation Charges
BitPay is accused of facilitating over 2,100 transactions with individuals in sanctioned nations.
Virgil Griffith Still Doesn’t Know What Exact Crimes He Is Accused of, Attorneys Say
Attorneys for Virgil Griffith want the U.S. government to specify the charges he’s facing rather than a broad claim that he violated U.S. sanctions.
Ethereum Dev Virgil Griffith's Attorney Files Motion to Dismiss Charges of Aiding North Korea
The motion, filed by Brian Klein, claims the indictment of Griffith doesn't "specify any alleged overt facts," and contains no actual allegation of fact.
OFAC Warns That Firms Helping Victims With Ransomware Payouts Risk Violating Its Rules
If you assist a ransomware victim in paying out to cyber attackers, you could end up facing civil penalties, OFAC says.
