{"id":253562,"date":"2022-08-08T20:44:20","date_gmt":"2022-08-08T19:44:20","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=253562"},"modified":"2023-06-23T22:43:48","modified_gmt":"2023-06-23T21:43:48","slug":"circle-blacklists-all-tornado-cash-eth-addresses-effectively-freezing-usdc","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/circle-blacklists-all-tornado-cash-eth-addresses-effectively-freezing-usdc\/","title":{"rendered":"Circle ‘blacklists’ all Tornado Cash ETH addresses effectively freezing USDC"},"content":{"rendered":"

Circle's USDC has “blacklisted”<\/a> all Ethereum addresses owned by Tornado Cash listed<\/a> in the US Treasury Department's sanction<\/a> against the protocol.<\/p>\n

A Twitter bot<\/a> named USDC Blacklist, which scrapes the blockchain for USDC blocklists, highlighted the issue as it tweeted multiple times through Monday after the sanction was issued.<\/p>\n

The USDC “Blacklist Policy<\/a>” states that when an address is “blacklisted,” it can “no longer receive USDC and all of the USDC controlled by that address is blocked and cannot be transferred on-chain.” Thus, any USDC currently held in a Tornado Cash address is now frozen indefinitely.<\/p>\n

The addresses tweeted out by USDCBlacklist match those on the record released by the US Treasury. Further, Tornado Cash co-founder Roman Semenov has also revealed that his Github account has also been suspended following the sanctions.<\/p>\n

\n

My @GitHub<\/a> account was just suspended \ud83e\udd37<\/p>\n

Is writing an open source code illegal now?<\/p>\n

— Roman Semenov \ud83c\udf2a\ufe0f \ud83c\uddfa\ud83c\udde6 (@semenov_roman_) August 8, 2022<\/a><\/p><\/blockquote>\n