LINK (LN) is a digital token created by Line Corporation is a subsidiary of the South Korean internet search giant Naver Corporation. LINK is the digital token that powers the LINE token economy. LINK can be used to pay for or receive benefits from various LINE service categories, such as content, commerce, social, gaming, and digital asset exchange. LINK holds a minimum value of USD 5 when used for payment within the LINE ecosystem, but can rise in value according to market conditions.
The measure of Circle against Tornado Cash cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term. prevents the listed addresses from being able to move USDC, so the stablecoin a cryptocurrency with extremely low volatility, sometimes used as a means of portfolio diversification. Examples include gold-backed cryptocurrency or fiat-pegged cryptocurrency. funds in those wallets will be frozen until further notice.
- Circle blacklists crypto addresses from Tornado Cash
- These addresses will no longer be able to handle funds USDC
- OFAC today sanctioned Tornado Cash for links to criminal activity
The company developer of solutions Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. y principal responsible for the stablecoin USDC, Circle, announced that it will include in a “blacklist” all Ethereum a decentralized open-source blockchain with smart contracts functionality. wallet a place where cryptocurrency users can store, send and receive digital assets. addresses associated with Tornado Cash, the crypto transaction mixer that was recently sanctioned by regulators in the US.
According to several reports published by other media, the fact that an address a place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. is blacklisted by Circle means that it will not be able to receive USDC and all stablecoin funds hosted there are blocked, so they cannot be transferred through the network. This measure automatically disables all USD Coin a coin can refer to a cryptocurrency that can operate independently or to a single unit of such cryptocurrency. assets hosted at Tornado Cash linked addresses, which match the registry published by the US Treasury.
Measures against Tornado Cash
The controversy against Tornado Cash came to place today when the U.S. Treasury through the Office of Foreign Assets Control (OFAC) The government of Colombia, which has been accused of links to illegal activities, has filed sanctions against the service. Reports suggest that around US$7 billion in illicit funds have flowed through it, including assets associated with Lazarus Group, North Korean hacking hacking is the process of using a computer to manipulate another computer or computer system in an unauthorized fashion. team involved in several high-profile attacks.
The measure prohibits U.S. citizens and companies from using this platform, as well as from engaging in activities related to the sanctioned addresses; otherwise they could face criminal prosecution.
With regard to the actions of Circle, the impact this may have on the activities of Tornado Cash, However, what is known is that there is at least $81,000 in USDC in the smart contract in traditional finance, a contract is a binding agreement between two parties. In cryptocurrencies, smart contracts execute functions on the blockchain. for that service that is potentially already frozen.
Controversy against transaction mixers
Historically, since cryptocurrencies began to gain greater notoriety, services for commingling commingling of funds is a method of combining all funds from different investors into a single investment in order to maximize the benefits. transactions became increasingly popular, especially among those who wish to maintain anonymity in the face of the immutability and traceability offered by the networks. Blockchain.
Despite the fact that Tornado Cash ya venía implementando medidas para bloquear el camino a las direcciones sancionadas por organismos reguladores, parece que la perspectiva de estos últimos apunta a la utilidad de estos servicios para permitir actividades delictivas.
In recent times, authorities warn about the rise of crimes that seek to steal crypto funds from potential victims. Among these, they point mainly to ransomware ransomware is a type of malware used by hackers to steal or encrypt their victims’ files to extort them for a ransom in exchange for file decryption or restoration. (hijacking) attacks and phishing when a scammer pretends to be a trusted institution or person to trick people into revealing sensitive information such as Social Security numbers, passwords, banking details, etc., often through a malware link disguised as legitimate. (data theft) activities.
- US Treasury Sanctions Cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. Mixer Tornado Cash
- Kraken under U.S. Treasury investigation for alleged Iran sanctions violations
- US official invites blocking ‘problematic’ crypto wallets, even before government order
Reporte de Angel Di Matteo / DiarioBitcoin
Imagen de Unsplash