Tag: United States Office of Foreign Asset Control

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Criminals more reliant on cross-chain bridges than ever after mixer crackdowns

September 20, 2023

The sanction of cryptocurrency mixer Tornado Cash in August caused the first major shift, but that is now accelerating even faster than projected. Cybercriminals have accelerated their shift away from crypto mixers for cross-chain bridges over the past year, according to blockchain forensics firm Elliptic. In June and July, nearly all of the crypto stolen…
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OFAC-compliant blocks on Ethereum hit three-month low of 47%

February 14, 2023

Back in November, the percentage of Ethereum blocks complying with orders from the Office of Foreign Asset Control peaked at 79%. The percentage of Ethereum blocks complying with orders set by the United States Office of Foreign Asset Control (OFAC) has now fallen to 47% — the lowest level since Oct. 11.  The latest milestone…
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