Primecoin

Because of a technical issue on Coinbase&#39;s end, certain bitcoin transfers from Binance were prevented. Late on Tuesday, users on Reddit and Twitter began reporting that when they tried to transfer bitcoin from Binance to Coinbase, they were met with a notice from the Office of Foreign Assets Control (OFAC) that said their transfer was being blocked because it originated from a &#34;OFAC sanctioned address.&#34; This notice was reportedly displayed when they attempted to transfer bitcoin.A spokeswoman for Coinbase confirmed that this was a technical issue, which only a small number of customers (less than 100) were affected by, and which has since been resolved. Coinbase has informed consumers whose deposits were affected by this issue through email that the funds would be reimbursed to their accounts in the near future.The Office of Foreign Assets Control (OFAC) has a long list of cryptocurrency wallets and protocols that have been labeled as &#34;particularly designated nationals&#34; and sanctioned. This means that organizations headquartered in the United States are not permitted to contact with the entities on the list.This issue might have been brought on by a mistake made during the entering of the data. The cryptocurrency mixer Tornado Cash was included on the list of prohibited services in August of 2022. Tornado Cash has been utilized on many occasions in an attempt to conceal the final destinations of stolen cryptocurrency, notably by the North Korean government.Coinbase is presently lending its support to a legal challenge that seeks to persuade the United States Treasury to reconsider its judgment about Tornado Cash.

Coinbase-OFAC Bug Affected Fewer Than 100 People, and Has Been Fixed

ItsBitcoinWorld

发布于 2023年3月8日的其他文章

Best 3 Centralized Exchanges for Cronos

Fed is monitoring the cryptocurrency space — no wonder

Mysterious Solana Whale Wallets Move Over $60 Million in $SOL to Coinbase

Binance NFT Starts Supporting Polygon Network on its Marketplace

[Announcement] NEOPIN’s Rebranding: “Leaping into the Global Market by Strengthening the CeDeFi P...

AI Artist Claire Silver to Show NFT Collection at Louvre

订阅我们免费的电子期刊，获取每日最新加密领域动态！