dYdX Blocks Accounts Associated With Tornado Cash That Have Funds Associated With Them

Aug 11,2022
KingData News: dYdX has long utilized compliance vendors to scan and flag accounts on dYdX’s hosted matching engine that have funds associated with vendors potentially dealing in ransomware, malware, child sex abuse material, known criminals, and sanctions lists published by the global community, such as the UN, EU, UK, US, JP, etc. dYdX recently became aware of a significant increase in accounts flagged by our compliance provider that were subsequently blocked by dYdX. Many accounts were blocked because a certain portion of the wallet’s funds (in many cases, even immaterial amounts) were associated at some time with Tornado Cash, which was recently added to the sanctions list by the U.S. Treasury’s OFAC. This sudden influx of flags affected many account holders that never directly engaged with Tornado Cash, and often such users do not realize the origin of the funds transferred to them during various transactions prior to interacting with our platform, but we must nevertheless maintain certain restrictions. dYdX has made adjustments, within the limits of our compliance policies, that have unbanned certain accounts and we will continue to make efforts to limit flagging and track this issue moving forward.
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Tornado Cash Sanctioned Case Tracker

Recently, the U.S. Treasury Department placed Tornado Cash on its sanctions list, which prohibits U.S. citizens from using. This indicator provides market updates on Tornado Cash sanctions.
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