【Data Intelligence】
Tornado Cash has deposited nearly 3.5 million ETH, and the total transaction fee income exceeds 18 million US dollars
On August 9th, according to data from Dune Analytics, nearly 3.5 million ETH data have been deposited on the Ethereum mixing platform TornadoCash platform, up to now 3,489,693, and the total transaction fee income has reached 18,104,516 US dollars. In addition, the current number of unique users of Tornado Cash is 12,243. As previously reported, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) included Tornado Cash on the Sanctions List (SDN), including its website itself and multiple Ethereum wallet addresses, prohibiting all U.S. individuals and entities from communicating with Tornado Cash or related to the agreement. Any Ethereum wallet address to interact with.
The listed mining company Bit Digital mined 142.5 bitcoins in July, with a total reserve of 38,135 bitcoins
According to the official website, Bit Digital, a listed mining company headquartered in New York, mined a total of 142.5 BTC in July, an increase of 110.8% from the previous month. In addition, Bit Digital also deployed 12,044 Bitcoin mining machines in July, with a computing power increase of 1.09EH/s. As of July 31, the total hash rate of Bit Digital was 2.7EH/s, with reserves of 38,135 BTC and 731 ETH.
【 Regulatory News 】
Foreign media: Ex-BitMEX executive pleads guilty to violating anti-money laundering laws
A senior employee of offshore crypto derivatives exchange BitMEX has pleaded guilty to violating U.S. federal anti-money laundering laws, the U.S. Attorney for the Southern District of New York announced Monday. According to foreign media reports, Gregory Dwyer, who served as BitMEX's head of business development, admitted to violating the Bank Secrecy Act for "failing to establish, implement and maintain an anti-money laundering program at BitMEX." . U.S. prosecutors previously obtained sentences against the company's three co-founders, Arthur Hayes, Benjamin Delo and Samuel Reed. Prosecutors said BitMEX's lack of KYC requirements made the company a hotbed for criminal activity, including money laundering and evasion of sanctions. Previously, BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed also voluntarily pleaded guilty in their respective cases, and managed to avoid imprisonment at the time of sentencing.
【Industry Trends】
Circle Has Blacklisted Ethereum Addresses From US Treasury Sanctions List
According to news on August 9, according to encryption KOL DylanLe Clair, USDC issuer Circle has officially blacklisted the Ethereum address on the U.S. Treasury Department’s sanctions list.
Zcash: compliant and fully compatible with global AML/CFT standards, approved by the New York State Department of Financial Services
On August 9th, the Electric Coin Company (ECC), a Zcash protocol development company, issued a document stating that Zcash complies with and is fully compatible with global AML/CFT standards, including all final Financial Action Task Force (FATF) recommendations, the EU's fifth anti Money Laundering Directive and Anti-Money Laundering regulations in the United States, while it is approved by the New York State Department of Financial Services (NYDFS), which is also a key requirement for listing on major exchanges such as Gemini and Coinbase. In addition, in 2020, the ECC commissioned the RAND Corporation to conduct research on the use of Zcash for illegal purposes. The study did not find any evidence that Zcash was widely used for money laundering, terrorist financing, or illegal trade in goods and services. The report also found that Zcash’s governance and its branding comply with relevant AML/CFT regulations, which may make it less susceptible to exploitation for illicit or criminal purposes.
US Treasury blacklists Tornado Cash from use by US citizens
According to news on August 8, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) included TornadoCash on the Sanctions List (SDN), including its website and multiple Ethereum and USDC wallet addresses. All U.S. individuals and entities are prohibited from interacting with TornadoCash or any Ethereum wallet address tied to the protocol.
Texas Regulators Ask Bankruptcy Court to Deny Celsius's Request to Cash Out Bitcoin
According to news on August 8, the Texas regulator asked the bankruptcy court to reject Celsius' request to realize the bitcoin it produced, citing concerns about how the proceeds will be used. On Friday, in a formal dissent shared by Law360, the Texas Securities Board (SSB) said that Celsius had in the past been involved in “questionable asset deployment decisions, including the use of generated Bitcoin to repay intercompany loans.” , potential mismanagement, and continued failure to comply with state regulatory requirements. The Celsius board member added that the company had failed to outline how it planned to use the proceeds of the sale to benefit creditors.
NEAR releases JavaScript SDK, which will target more traditional developers
On August 9th, NEAR recently launched the JavaScript Software Development Kit (JSSDK) at ETH Toronto, the official hackathon of the Blockchain Futurist Conference. JavaScript is currently the most popular coding language in the world, and traditional developers can join web3 to quickly build fast, scalable and user-friendly decentralized applications. Rust and Solidity are understood to be the most prominent programming languages for layer 1 blockchains, with less than 2.5 million developers using these languages globally. JS can run in every browser, is easy to learn, does not require compiler settings, and comes preloaded with tool libraries such as RegExp, Math, and Array.
【Elite Viewpoint】
V God: ZK-Rollups may become the main Layer 2 solution of Ethereum
On August 8th, Vitalik Buterin, the co-founder of Ethereum, predicted in a speech at ETHSeoul that ZK-Rollups will defeat Optimistic Rollups in the Layer 2 expansion battle of Ethereum, for example, users do not need a 7-day waiting period. Vitalik Buterin noted that ZK-Rollups are faster at moving funds in and out of the mainnet, which could lead to wider adoption. A decade or more from now, I expect Rollups will basically be ZK. EVM compatibility for ZK-Rollups is being developed, Vitalik Buterin added, it’s great that we can actually see zk-EVM almost ready to scale with Ethereum transactions.
US Treasury: Over $7 Billion Has Been Laundered in Tornado Cash
On Monday, when the U.S. Treasury Department blacklisted Tornado Cash, barring all Americans from using the service. The U.S. says Tornado Cash has been used to launder more than $7 billion. That includes $455 million stolen by the North Korean hacking group Lazarus Group and at least $7.8 million stolen this month from a Nomad exploit.
【What to watch today】
Tornado Cash's GitHub account was suspended and the project repository was deleted in GitHub
On August 9, Roman Semenov, the co-founder of TornadoCash, tweeted that his GitHub account had been suspended after the U.S. Department of the Treasury’s sanctions announcement, and the current Tornado Cash repository has also been deleted from GitHub. The stablecoin issuing company Circle also froze 75,000 USDC belonging to Tornado Cash users. Jinse Finance previously reported that the U.S. Department of the Treasury has included Tornado Cash on the sanctions blacklist, prohibiting U.S. citizens from using it.
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The Securities and Exchange Commission (SEC) of Thailand has implemented a trading and asset deposit halt for Zipmex, effective from 25 November, 1pm local time. This decision aligns with local regulations to ensure compliance. The suspension instructs customers seeking fund or asset withdrawals during this period to directly contact the exchange.
JoyA deceptive token masquerading as a legitimate version of Aptos briefly disrupted operations on Upbit, specifically affecting the APT token; it has since announced the resumption of services for the token.
KikyoASIC has suspended the Australian financial services licence of FTX Australia Pty Ltd (AFS licence 323193) until 15 May 2023.
OthersThe platform's new owner issued the warning after some celebrities changed their Twitter display names — not their account names.
OthersThough the city’s regulator has set a high bar for companies to operate at present, the door is open for the further relaxing of rules.
CoindeskReports from different media outlets in the last week also suggested the Celsius Network has lost major backers and onboarded new attorneys amid a volatile crypto market.
CointelegraphHackers appear to have turned down a $1 million bounty offer from the Harmony team to return $100 million stolen from the Horizon Bridge token bridge.
CointelegraphNexo platform could rescue Celsius' customers after “what appears to be the insolvency of the Celsius Network.”
CointelegraphNew Jersey's move is just the latest in a series of orders and complaints against crypto-based interest-bearing account issuers in the United States.
CointelegraphDespite its promise to cater to the needs of individual developers, the latest wave of sanctions has forced the open-source platform to block even former employees of sanctioned firms.
Cointelegraph