OFAC designated a co-founder of a sanctioned virtual currency mixer that laundered stolen virtual assets for North Korea.
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A multi-asset digital trading platform settled a potential civil liability with OFAC for apparent sanctions violations after processing transactions for customers who were either (i) located in Iran or Cuba or (ii) were employees of the Government of Venezuela.
A virtual currency exchange settled OFAC charges for violating the Iranian Transactions and Sanctions Regulations.
OFAC redesignated a privacy-enhancing virtual currency mixing service that utilizes smart contracts "for its role in enabling malicious cyber activities, which ultimately support the Democratic People’s Republic of Korea's WMD program."
Coin Center, a cryptocurrency-focused non profit, sued Treasury and OFAC over the decision to designate the virtual currency mixer Tornado Cash on the Specially Designated Nationals and Blocked Persons List.