Image default
Bitcoin

U.S. Treasury Department Sanctions Bitcoin (BTC) Addresses Linked to Ransomware

The U.S Treasury Department’s Office of Foreign Assets Control (OFAC) is taking motion towards a ransomware group concentrating on people and firms within the United States by including related individuals and their properties to the Specially Designated Nationals and Blocked Persons List (SDN).

In a statement, the Treasury Department says that it’s sanctioning the ransomware group affiliated with Iran’s Islamic Revolutionary Guard Corps (IRGC) as a part of a collaborative effort with different authorities departments and businesses to defend Americans from cybercrimes.

The prohibition takes impact as ransomware funds within the United States hit $590 million in 2021, up by over 41% from $416 million in 2020.

The division says that the group exploits software program vulnerabilities to execute ransomware assaults. It can also be engaged in different illicit cyber actions together with unauthorized pc entry and information exfiltration.

“This group has launched extensive campaigns against organizations and officials across the globe, particularly targeting US and Middle Eastern defense, diplomatic, and government personnel, as well as private industries including media, energy, business services, and telecommunications.”

The OFAC sanction successfully bars Americans from coping with individuals, properties and Bitcoin (BTC) addresses related to the group.

“The prohibitions embody the making of any contribution or provision of funds, items, or providers by, to, or for the good thing about any blocked individual, or the receipt of any contribution or provision of funds, items, or providers from any such individual.

In addition, monetary establishments and different individuals that have interaction in sure transactions or actions with the sanctioned entities and people could expose themselves to sanctions or be topic to an enforcement motion.”

The OFAC imposes the ban within the wake of a current determination to permit Tornado Cash customers to withdraw their frozen belongings. The company sanctioned the crypto mixing service in August over issues it’s used to facilitate terrorism and cash laundering.

Don’t Miss a Beat – Subscribe to get crypto e-mail alerts delivered straight to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl aren’t funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any loses chances are you’ll incur are your accountability. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Daily Hodl an funding advisor. Please observe that The Daily Hodl participates in internet online affiliate marketing.

Featured Image: Shutterstock/your/S-Design1689

Related posts

Jack Dorsey’s Block Bitcoin (BTC) Wallet Project To Use Fingerprint Technology for Security

Crypto Advisor

Bitcoin Traders Shouldn’t Be Fooled by Geopolitical Doom Talk, According to Top Analyst – Here’s Why

Crypto Advisor

Billionaire Investor With ‘Very Big’ Bitcoin Position Says BTC Is Insurance Policy Against Economic Disaster

Crypto Advisor

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

bitcoin
Bitcoin (BTC) $ 19,484.44 1.96%
ethereum
Ethereum (ETH) $ 1,324.95 0.03%
tether
Tether (USDT) $ 1.00 0.25%
usd-coin
USD Coin (USDC) $ 1.00 0.29%
bnb
BNB (BNB) $ 278.86 2.30%
binance-usd
Binance USD (BUSD) $ 0.996463 0.61%
cardano
Cardano (ADA) $ 0.437489 1.37%
xrp
XRP (XRP) $ 0.438062 1.82%
polkadot
Polkadot (DOT) $ 6.42 0.85%
solana
Solana (SOL) $ 33.40 1.96%
shiba-inu
Shiba Inu (SHIB) $ 0.000011 0.47%
dogecoin
Dogecoin (DOGE) $ 0.060706 0.25%
staked-ether
Lido Staked Ether (STETH) $ 1,321.62 0.07%
matic-network
Polygon (MATIC) $ 0.746506 0.78%
tron
TRON (TRX) $ 0.05951 0.04%
dai
Dai (DAI) $ 1.00 0.25%
avalanche-2
Avalanche (AVAX) $ 17.23 0.21%
ethereum-classic
Ethereum Classic (ETC) $ 27.66 1.92%
leo-token
LEO Token (LEO) $ 4.19 2.10%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 19,507.70 1.72%
uniswap
Uniswap (UNI) $ 6.39 0.93%
litecoin
Litecoin (LTC) $ 53.43 1.74%
cosmos
Cosmos Hub (ATOM) $ 12.97 3.16%
okb
OKB (OKB) $ 15.50 0.80%
ftx-token
FTX (FTT) $ 23.94 1.03%
terra-luna
Terra Luna Classic (LUNC) $ 0.000273 0.41%
near
NEAR Protocol (NEAR) $ 3.58 0.37%
chainlink
Chainlink (LINK) $ 7.90 1.30%
crypto-com-chain
Cronos (CRO) $ 0.112963 1.47%
monero
Monero (XMR) $ 147.17 2.14%
stellar
Stellar (XLM) $ 0.10944 1.03%
bitcoin-cash
Bitcoin Cash (BCH) $ 114.02 0.53%
algorand
Algorand (ALGO) $ 0.345769 0.49%
flow
Flow (FLOW) $ 1.64 0.24%
vechain
VeChain (VET) $ 0.022876 1.34%
eos
EOS (EOS) $ 1.15 0.41%
internet-computer
Internet Computer (ICP) $ 6.04 1.02%
filecoin
Filecoin (FIL) $ 5.85 3.13%
chain-2
Chain (XCN) $ 0.071988 0.67%
frax
Frax (FRAX) $ 1.00 0.33%
hedera-hashgraph
Hedera (HBAR) $ 0.057922 0.89%
decentraland
Decentraland (MANA) $ 0.70412 1.46%
apecoin
ApeCoin (APE) $ 5.38 0.47%
the-sandbox
The Sandbox (SAND) $ 0.849629 0.56%
tezos
Tezos (XTZ) $ 1.44 0.09%
quant-network
Quant (QNT) $ 133.59 4.04%
axie-infinity
Axie Infinity (AXS) $ 12.45 0.62%
aave
Aave (AAVE) $ 76.73 1.20%
lido-dao
Lido DAO (LDO) $ 1.62 1.64%
elrond-erd-2
Elrond (EGLD) $ 47.11 1.40%
theta-token
Theta Network (THETA) $ 1.10 1.06%
true-usd
TrueUSD (TUSD) $ 1.00 0.17%
chiliz
Chiliz (CHZ) $ 0.244213 1.28%
bitcoin-sv
Bitcoin SV (BSV) $ 49.75 0.11%
compound-usd-coin
cUSDC (CUSDC) $ 0.022673 0.28%
paxos-standard
Pax Dollar (USDP) $ 1.00 0.24%
kucoin-shares
KuCoin (KCS) $ 9.22 2.20%
bittorrent
BitTorrent (BTT) $ 0.00000078100325 0.50%
ecash
eCash (XEC) $ 0.000042 1.20%
the-graph
The Graph (GRT) $ 0.099186 0.16%
iota
IOTA (MIOTA) $ 0.294652 4.12%
zcash
Zcash (ZEC) $ 55.32 2.21%
huobi-btc
Huobi BTC (HBTC) $ 19,492.35 1.92%
usdd
USDD (USDD) $ 0.99992 0.25%
huobi-token
Huobi (HT) $ 4.40 0.02%
evmos
Evmos (EVMOS) $ 1.75 7.95%
havven
Synthetix Network (SNX) $ 2.45 7.84%
cdai
cDAI (CDAI) $ 0.022103 0.37%
maker
Maker (MKR) $ 722.05 0.18%
bitdao
BitDAO (BIT) $ 0.476563 0.61%
klay-token
Klaytn (KLAY) $ 0.196814 1.27%
neutrino
Neutrino USD (USDN) $ 0.960593 0.49%
fantom
Fantom (FTM) $ 0.227826 0.31%
compound-ether
cETH (CETH) $ 26.81 1.22%
neo
NEO (NEO) $ 8.65 2.50%
helium
Helium (HNT) $ 5.34 13.62%
gatechain-token
Gate (GT) $ 4.26 1.18%
defichain
DeFiChain (DFI) $ 0.730701 0.82%
radix
Radix (XRD) $ 0.060772 3.25%
celsius-degree-token
Celsius Network (CEL) $ 1.49 5.24%
pax-gold
PAX Gold (PAXG) $ 1,650.58 1.43%
pancakeswap-token
PancakeSwap (CAKE) $ 4.82 3.71%
thorchain
THORChain (RUNE) $ 1.56 0.07%
osmosis
Osmosis (OSMO) $ 1.13 2.39%
zilliqa
Zilliqa (ZIL) $ 0.031586 0.99%
enjincoin
Enjin Coin (ENJ) $ 0.462428 0.53%
nexo
NEXO (NEXO) $ 0.900352 2.64%
arweave
Arweave (AR) $ 9.26 0.75%