Tornado Cash Devs Are Caught in a U.S. Dragnet
Is there any justice in the U.S. government’s legal battle with Tornadoo Cash and its developers? (Steve Barker/Unsplash)
OFAC
Coinbase-Backed Group Loses Lawsuit Arguing Tornado Cash Sanctions Overstepped U.S. Treasury’s Authority
A group of crypto investors and developers lost a lawsuit funded by Coinbase which sought to argue that the U.S. Treasury Department overstepped its authority in sanctioning Tornado Cash, a mixing service.
Stablecoin Wallet Rpay Secures License from OFAC to Continue Operating in Venezuela
The approval does not absolve Rpay of its compliance duties, but does eliminate the growing compliance risk, the company said.
U.S. Sanctions Watchdog Alleges Russia-Linked Crypto Wallet Processed $5M
An Irish national helped wealthy Russians evade sanctions and hide money in UAE, OFAC alleged Friday.