Treasury Sanctions BitBank Over Iranian Crypto Sanctions-Evasion Network
TL;DR U.S. Treasury has sanctioned Iranian digital asset exchange BitBank. OFAC says the platform was part of a network tied to sanctioned financier Babak Zanjani. Treasury alleges the infrastructure helped move hundreds of millions of dollars in Bitcoin connected to the IRGC. The U.S. Treasury has targeted another part of Iran’s crypto infrastructure, this time…
OFAC FirstVPN Sanctions Show Crypto Enforcement Is Moving Up The Infrastructure Stack
OFAC FirstVPN Sanctions Show Crypto Enforcement Is Moving Up The Infrastructure Stack is a useful reminder that crypto coverage is not only about token prices. Sometimes the more important story is the infrastructure, regulation, security, or product layer sitting underneath the market noise. The immediate point is straightforward: oFAC sanctions linked to FirstVPN and ransomware…
Tether Freezes USDT In 131 TRON Wallets After OFAC Sanctions Update
Tether has again shown how much control stablecoin issuers can exercise when sanctioned wallets enter the picture. Following an updated OFAC action, USDT connected to 131 TRON addresses was frozen, putting stablecoin compliance back at the center of the crypto policy debate. The addresses were tied to a sanctions update involving crypto-linked funding networks. Chainalysis…
Crypto Decentralization Myth Busted: ETH And USDT Freezes Unveil A Shocking Truth
Crypto pundit Star has highlighted that crypto decentralization is a myth, noting that crypto networks and firms can freeze funds. The pundit specifically alluded to the Tether freeze and Arbitrum’s move to freeze the crypto assets stolen by the Kelp DAO exploiter. Pundit Highlights Crypto Decentralization Myth In an X post, Star stated that centralization…