platform

Tornado Cash is designated as the first target of an OFAC action against a decentralized platform.

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Tornado Cash sanction

OFAC Designates Tornado Cash in First Action Against On August 8, 2022, The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against Tornado Cash, a decentralized digital asset mixer. This is the first time OFAC has targeted an on-chain decentralized protocol. OFAC announced that Tornado Cash was used to launder … Read more

The SEC’s complaint about insider trading puts the whole DeFi and crypto industry in a tight spot.

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WazirX and Binance are related

DeFi & Cryptocurrency Industry Difficulty with Crypto Insider Trading An ex-Coinbase product manager and two others were charged with insider trading by the SEC after they allegedly traded before the company announced that certain cryptocurrencies would be accessible for trading. The DOJ’s case against Coinbase for wire fraud has strong merit, since wire fraud may … Read more