• bitcoinBitcoin(BTC)$20,291.001.91%
  • ethereumEthereum(ETH)$1,356.080.68%
  • tetherTether(USDT)$1.000.27%
  • binancecoinBNB(BNB)$295.261.75%
  • usd-coinUSD Coin(USDC)$1.000.21%
  • rippleXRP(XRP)$0.4840114.74%
  • binance-usdBinance USD(BUSD)$1.000.12%
  • cardanoCardano(ADA)$0.4332950.08%
  • solanaSolana(SOL)$34.221.58%
  • dogecoinDogecoin(DOGE)$0.0652147.55%
Sunday, January 29, 2023
Subscribe To Newsletter
Crypto News Bay
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • METAVERSE
  • WEB3
  • DEFI
  • ANALYSIS
  • SCAM ALERT
  • REGULATIONS
Crypto Market Cap
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • METAVERSE
  • WEB3
  • DEFI
  • ANALYSIS
  • SCAM ALERT
  • REGULATIONS
No Result
View All Result
Crypto News Bay
No Result
View All Result
Home Bitcoin

ETH Mixer Twister Money Reveals Blocking OFAC Sanctioned Ethereum Addresses by way of Chainalysis Oracle Contract – Bitcoin Information

by Crypto News Bay
April 16, 2022
in Bitcoin
Reading Time: 4 mins read
A A
0
Share on FacebookShare on Twitter


In response to the venture’s official Twitter account, Twister Money, the ethereum mixing service that permits individuals to shuffle ether, is obstructing flagged ethereum addresses listed on the Workplace of Overseas Belongings Management’s (OFAC) Specifically Designated Nationals And Blocked Individuals listing (SDN). The choice follows the current OFAC replace, that lists the Ronin exploiter’s ethereum deal with, and additional notes that the ether pockets is allegedly related to the notorious North Korean hackers, Lazarus Group.

Ethereum Mixer Twister Money Blocks OFAC Sanctioned Addresses

Twister Money introduced on April 15, 2022, that the venture is leveraging a Chainalysis oracle to dam OFAC sanctioned wallets. “Twister Money makes use of [a] Chainalysis oracle contract to dam OFAC sanctioned addresses from accessing the dapp,” the official Twitter account said on Friday. “Sustaining monetary privateness is crucial to preserving our freedom, nevertheless, it shouldn’t come at the price of non-compliance,” the Twister Money Twitter account added.

The choice comes after the U.S. Treasury and OFAC revealed an replace regarding the Ronin bridge hacker’s ethereum pockets. The ethereum deal with that was utilized by the Ronin bridge exploiter is now sanctioned and U.S.-based corporations and residents are banned from transacting with the deal with. In response to the OFAC replace, the deal with is related to the North Korean hacking group often known as Lazarus Group. Following the choice, Twister Money received a whole lot of criticism for the transfer.

“So let me get this straight,” one particular person tweeted, “if my deal with is on the OFAC sanctioned addresses listing, I simply have to switch it to a different deal with after which I can start my cash laundering.”

The information additionally follows the controversy surrounding the claims that the blockchain surveillance and intelligence firm, Chainalysis, deanonymized Wasabi-based Coinjoin transactions. After the deanonymizing claims, Wasabi instructed the general public a blacklist would stop some UTXOs (unspent transaction outputs) from registering to Coinjoin transfers. The founder and creator of Wasabi pockets, Adam Ficsor, told the public: “Blacklisting arrived to Coinjoins. IMO it’s a main setback to Bitcoin’s fungibility.”

In the meantime, the adjustments Twister Money added could also be bypassed by not solely merely switching to different ether addresses, but in addition by leveraging the contract with out utilizing the Twister Money protocol’s frontend. “Don’t fear guys, your favourite hackers will nonetheless have the ability to wash the cash they’ve stolen from you utilizing the good contract instantly,” one particular person replied to the Twister Money Twitter assertion. “This simply impacts the web site frontend, contract is permissionless.”

Tags on this story
Adam Ficsor, Chainalysis, Chainalysis oracle contract, Compliance, dApps, ethereum addresses, Lazarus Group, NK Hackers, north korean hackers, North Korean hacking group, OFAC sanctioned, permissionless, Ronin Bridge, Ronin Hack, sdn listing, Twister money, Twister Money staff, Wasabi Pockets, Web3 Dapps

What do you consider the statements the Twister Money staff made on Friday about blocking OFAC sanctioned ethereum addresses? Tell us what you consider this topic within the feedback part under.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist residing in Florida. Redman has been an energetic member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com Information concerning the disruptive protocols rising in the present day.




Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It’s not a direct provide or solicitation of a suggestion to purchase or promote, or a advice or endorsement of any merchandise, companies, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, instantly or not directly, for any injury or loss brought about or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or companies talked about on this article.

Extra Standard Information

In Case You Missed It





Source link

Tags: AddressesBitcoinBitcoin NewsBitcoin price analysisBlockingCASHChainalysisContractCrypto NewsCrypto News BayETHEthereumLatest crypto updatesMixerNewsNFT newsOFACOracleRevealsSanctionedTornado
Share76Tweet47

Related Posts

Breaking Down 5 NFT Collections by Gross sales Quantity  – Markets and Costs Bitcoin Information

by Crypto News Bay
January 29, 2023
0

Non-fungible token (NFT) belongings have existed since no less than 2014, however curiosity in them started to rise in January...

Fantom (FTM) Features 39% In 7 Days Following its Integration With Axelar Community

by Crypto News Bay
January 29, 2023
0

Fantom (FTM) has been one of many best-performing tokens of 2023, pulling off a collection of spectacular positive aspects in...

NFT Collector Who Fell To A Phishing Rip-off Takes OpenSea To Court docket

by Crypto News Bay
January 29, 2023
0

NFT collector Robbie Acres has taken authorized motion towards OpenSea NFT Market for protecting his account locked following a rip-off....

Will Jim Cramer’s Bitcoin Worth Prediction Be Fallacious Once more?

by Crypto News Bay
January 29, 2023
0

Be part of Our Telegram channel to remain updated on breaking information protection Jim Cramer, the host of “Mad Cash”,...

Litecoin Shows Consolidation, Count on A Reversal Quickly?

by Crypto News Bay
January 29, 2023
0

The Litecoin value has proven appreciable restoration ever because it reached its backside in December 2022. LTC secured nearly 50%...

Load More
  • Trending
  • Comments
  • Latest

XRP Ledger Modification Goes Stay, With out Ripple’s Approval

January 23, 2023

Why the Protection Inventory Sector is on the Rise | by Zoharks | The Capital | Jan, 2023

January 6, 2023

Most Necessary Options of Crypto Pockets

January 7, 2023

XR Predictions for 2023: Enterprise XR will Increase 💥

January 12, 2023

Filecoin lifting off

January 18, 2023

Jumio Helps Automotive-Sharing Firm GetGo Onboard New Drivers

January 11, 2023

Breaking Down 5 NFT Collections by Gross sales Quantity  – Markets and Costs Bitcoin Information

January 29, 2023

Fantom (FTM) Features 39% In 7 Days Following its Integration With Axelar Community

January 29, 2023

26 thrilling stats in regards to the GameFi business from 2022

January 29, 2023

Crypto Financial institution Custodia Denied Membership in US Federal Reserve System – Finance Bitcoin Information

January 29, 2023

NFT Collector Who Fell To A Phishing Rip-off Takes OpenSea To Court docket

January 29, 2023

Ghanaian and Nigerian Central Financial institution Open Respective Regulatory Sandbox Utility Processes – Fintech Bitcoin Information

January 29, 2023
Facebook Twitter LinkedIn Tumblr RSS
Crypto News Bay

Find the latest Bitcoin, Trending Crypto Updates, Altcoins, Blockchain, NFTs, Crypto Regulations, Interviews, Price Analysis, and more at Crypto News Bay

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Updates
  • Decentralized Finance
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Crypto News Bay.
Crypto News Bay is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • METAVERSE
  • WEB3
  • DEFI
  • ANALYSIS
  • SCAM ALERT
  • REGULATIONS

Copyright © 2022 - Crypto News Bay.
Crypto News Bay is not responsible for the content of external sites.