Bans and Restrictions | ForkLog

ForkLog 14 24.04.2024

Nigeria’s Central Bank Denies Order to Freeze Crypto Exchange Accounts

The Central Bank of Nigeria (CBN) has refuted the authenticity of a previously published Cointelegraph circular, which allegedly demanded financial institutions to identify individuals or entities involved in transactions with cryptocurrency exchanges and freeze their accounts. This information does not originate from the Central Bank of Nigeria. For authentic updates, please visit the official website […]

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ForkLog 12 24.04.2024

Tether to Block Payments Evading Sanctions

Tether has announced its intention to block wallets of organizations and individuals holding USDT that are under U.S. Treasury sanctions, according to Cointelegraph. Any payments directed to these entities will be frozen. A Tether representative emphasized the company’s ongoing commitment to halting transactions to addresses listed on the SDN list by the OFAC, aiming for […]

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ForkLog 16 28.03.2024

Sberbank Clarifies Card Unfreezing Procedure After Cryptocurrency Transactions

Clients of Sberbank who have experienced card freezes following cryptocurrency transactions can unfreeze them by providing exchange account details. This was reported by RBC, citing a representative of the financial institution. As such operations are considered suspicious, the bank restricts card usage and requests clarification on the source of funds. Income can be verified through […]

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ForkLog 16 01.03.2024

Binance Denies Mass Account Blocks for Ukrainian Users

On March 1, media outlets reported that Ukrainian users of the cryptocurrency exchange Binance faced “mass account blocks followed by their removal from the system.” A representative of the platform, in a comment to ForkLog, denied the existence of a problem affecting all clients in the region. “At present, no specific actions are being taken […]

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ForkLog 12 23.02.2024

KuCoin Users Report Fund Blockages

On February 21, Reddit users began posting messages in the KuCoin subreddit about issues with withdrawing funds from the cryptocurrency exchange. Source: Reddit. “On October 18, I transferred $4800 to KuCoin. My mistake was that the money was sent from a corporate account, so the exchange did not accept it. On November 6, I received […]

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ForkLog 38 25.12.2023

MEXC users report funds frozen and seized

Several traders using the MEXC cryptocurrency exchange reported freezes and confiscation of funds. The platform's representatives attributed the situation to “abnormal trading activity.”

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ForkLog 8 21.12.2023

Tether blocks suspected Finiko Ethereum wallets

Tether blocked five Ethereum addresses allegedly linked to the Russian financial pyramid "Finiko".

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ForkLog 27 11.12.2023

Tether blocks 161 addresses on OFAC SDN list

The issuer of the USDT stablecoin — the company Tether — blocked 161 addresses from the OFAC SDN list. Of them, 150 were empty.

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ForkLog 15 07.12.2023

Kazakhstan tallies closures of illegal Bitcoin exchanges.

Since the start of 2023, Kazakhstan's Financial Monitoring Agency (AFM) has stopped the activities of 980 illegal cryptocurrency exchange platforms.

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ForkLog 12 24.11.2023

X restricts Changpeng Zhao’s account

On 23 November, the social network X restricted access to the account of former Binance CEO Changpeng Zhao (CZ) without explanation.

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ForkLog 29 23.11.2023

Expert: mining pools block transactions from sanctioned addresses

Mining pools began rejecting transactions from addresses on or to addresses on the OFAC SDN list, without including them in blocks. The situation drew the attention of a Bitcoin developer using the alias 0xB10C.

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ForkLog 12 20.11.2023

Tether freezes $225 million in USDT linked to a criminal syndicate

The issuer of the stablecoin USDT, Tether, blocked around $225 million in USDT in cooperation with the U.S. Department of Justice, the cryptocurrency exchange OKX, and analytics firm Chainalysis.

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