Blockchain analytics firm Chainalysis published an intriguing report this morning that highlights how the Office of Foreign Assets Control (OFAC)—an arm of the Treasury Department that deploys financial sanctions to squeeze U.S. enemies around the world—has become more adept at targeting crypto activity.
The report includes data on how OFAC is going after the crypto wallets of a growing range of bad guys from ransomware crooks to terrorist financiers to those meddling in democratic elections. More intriguingly, it also points out that, in the last two years, OFAC has slapped sanctions not only on individuals but on corporate and national entities too. The latter includes the now-defunct dark web market Hydra as well as North Korea's infamous Lazarus Group, a team of hackers that carries out sophisticated cyber and crypto robberies to support the dictatorship's military.
