Cryptocurrency derivatives trading platform dYdX said it has blocked the accounts of some users with funds linked to Tornado Cash, including mistakenly suspending some who never directly engaged with the controversial mixer.
In a Wednesday post on his blog, dYdX said it had “unprotected certain accounts” that the derivatives platform had blocked in response to the US Treasury Department’s Office of Foreign Assets Control adding Tornado Cash to its list of Specially Designated Nationals, or SDNs.. According to dYdX, its compliance provider flagged many accounts believed to be linked to Tornado Cash, which the platform subsequently blocked, even though some had never dealt with the cryptocurrency mixer. The platform said it has used compliance providers to scan and flag accounts potentially associated with illicit activity, including sanctions lists for many countries.
“This sudden influx of flags has affected many account owners who have never directly engaged with Tornado Cash, and often such users are unaware of the origin of funds being transferred to them during multiple transactions before interacting with our platform, but without However, we must maintain certain restrictions”said dYdX.
We were recently made aware of an issue related to Tornado that was causing many wallet addresses to be blocked from accessing our exchange. We have rectified this and you can read the full announcement here: https://t.co/h9TDZE1rne
— dYdX (@dYdX) August 10, 2022
We have recently been made aware of a Tornado related issue that was causing many wallet addresses to be blocked from accessing our exchange. We have rectified this and you can read the full announcement here:
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