<ul><li>The U.S. Treasury blacklisted the crypto-holding wallets with alleged ties to North Korea.</li><li>Binance has faced several security breaches recently.</li></ul>On May 23, the U.S. Treasury announced the blacklist of crypto holdings wallets with alleged ties to the North Korean government. According to the report, the Binance-hosted wallets received several cryptocurrencies worth $2 million that were then sent to the North Korean entities.Treasury’s Office of Foreign Assets Control (OFAC) has blocklisted the crypto wallets that contain Bitcoin (BTC), Ethereum (ETH), Tether’s USDT, and Circle’s USDC. The wallet belonged to Sang-Man Kim, a 58-year-old North Korean citizen. The wallets were hosted by the world’s largest crypto exchange, Binance. Moreover, the question raised was whether Binance actively <a href="https://thenewscrypto.com/binance-u-s-head-of-investigation-added-to-russias-sanction-list/" rel="noopener noreferrer nofollow">controlled</a> the wallets hosted by the exchange that any user could acquire.<h3 id="binance-integrated-new-policies">Binance Integrated New Policies</h3>According to the blockchain data, there have been no transactions from these accounts over the last year. In a press release, the OFAC stated that the DPRK conducts malicious cyber activities and deploys information technology. Moreover, the worker who fraudulently gets employment to obtain revenue. That includes virtual currency to support the Kim regime and its priorities, such as unlawful weapons of mass destruction and ballistic missile programs.The exchange Binance has faced <a href="https://thenewscrypto.com/binance-australia-faces-scrutiny-amid-allegations-of-crypto-scams-and-frauds/" rel="noopener noreferrer nofollow">several</a> security breaches due to its use by some bad actors. In light of the recent sanction by the U.S. Treasury, Binance did not immediately reply to this issue.Recently, Binance has fired alleged wallet accounts for efforts to circumvent transactions. The exchange has continuously integrated the new policies to avoid the activities taking place on this platform.

Binance-Hosted Wallets Blacklisted by US Treasury for North Korean Ties

目錄

TheNewsCrypto

在 2023年5月24日發表的其他文章

Bitcoin Faces Resistance at $27K as Toncoin Surges

Crypto Outflows Continue for 5th Week on Weak BTC Sentiment: CoinShares

A Beginner’s Guide About Loopring

Unleashing Web3 Potential: Insights from Sui's Head of Developer Relations

Elon Musk tells investors to be careful in crypto investments, still likes DOGE

Bitcoin (BTC): Michael J. Kramer’s pessimistic prediction

訂閱免費電子報，每天收取加密貨幣最新動態！