Exploring how enterprise and government-level censorship is increasingly becoming a bigger part of the narrative around the usage of cryptocurrencies globally.
US Treasury Department requiring US citizens to get a license for withdrawing assets from Tornado Cash
US citizens who had sent cryptocurrency to Tornado Cash but did not complete the mixing transaction before the sanctions can apply for a withdrawal license from the OFAC.
Huobi delists seven privacy tokens, citing compliance policies
DASH, DCR, FIRO, XMR, XVG, ZEC, and ZEN will cease to exist on the Huobi platform effective Sept. 19.
Coinbase finances Tornado Cash users’ lawsuit against US Treasury Department
The plaintiffs argued that the authorities overstepped their authority and also violated their rights.
Could Gitcoin Grants address be under sanctions from the U.S. amid Tornado Cash saga?
A smart contract written by Martin Köppelmann, Co-founder of Gnosis has revealed evidence of miner censorship on the Ethereum blockchain.
SWIFT considered ‘neutral’ on sanctions; debate sparked on whether Ethereum is the same
Global payment messaging service SWIFT claims to be "neutral" regarding sanctions. Can Ethereum make the same claim?
Largest Ethereum miner, Ethermine, stops processing sanctioned transactions
Ethermine is no longer processing blocks that include Tornado Cash transactions creating censorship at a protocol level
Aztec responds to claims FTX froze user funds for interacting with the protocol
Also documented by Wu Blockchain, the accusations of FTX users having their accounts frozen came from a series of tweets from a handful of accounts.
FTX backtracks on FDIC insurance but fails to delete all references
FTX President Brett Harrison deleted a tweet referencing FDIC insurance yet missed another reference as SBF gets involved
FTX users complain about fund freezes after interacting with privacy protocol Aztec Network
Privacy protocols might be under increased scrutiny, as some users have reported that FTX allegedly froze funds of those who interacted with the Aztec Network.
Bitcoin Lightning Network at regulatory risk after Tornado Cash saga
Patrick Hansen fears the heavy-handed approach against Tornado Cash may spill over to the Bitcoin Lightning Network.
TRM Labs ‘does not engage in any’ blocking of sanctioned addresses, only provides ‘risk data’
DeFi protocols use TRM Labs' API to configure settings and risk thresholds for their own compliance programs to determine which addresses to block or freeze.
Vitalik wants to burn the staked Ethereum of sanction complying validators
Beacon Chain validators holding 66% of the total stake would comply with sanction requests, igniting discussion on Ethereum censorship resistance.
Aave confirms TRM Labs API blocked “dusted” Ethereum wallets – access restored
Users regain access to Aave's front end after compliance API flagged Tornado Cash-dusted wallets.
Tornado Cash DAO shuts down as it “can’t fight the US” and keep contributors safe
According to a member of the Tornado Cash team, the DAO has been shut down as it "can't fight the US" and contributors are scared of being prosecuted
DeFi protocols Aave, Uniswap, Balancer, ban users following OFAC sanctions on Tornado Cash
Decentralization may be under attack as Aave, Uniswap, Balancer and more reportedly ban wallets which have interacted with Tornado Cash. A centralized dataset created by TRM Labs appears to be responsible for the accounts being banned.
Mailchimp suspends accounts of several crypto-focused users
Mailchimp’s acceptable use policy prohibits the use of its services for crypto-related content.
MakerDAO plans against sanctions from USDC exposure
With DAI collateralized by 33.9% USDC, MakerDAO is preparing for an emergency shutdown in the case of a sanction by US regulators.