OKX Takes Action: Accounts Involving Tornado Cash To Be Banned

Quick Summary:

According to OKX CEO Star Xu, any account found to be exploited by Tornado Cash or other authorized firms like Garantex would be cancelled without delay.被制裁的人无法在okx成功开户。 对于已经开户成功用户： 1.从被制裁的主体比如 Garantex和 Tornado cash充值到okx 2.从okx提币去被制裁的主体 都会触发合规风控，导致被清退账户。 制裁和普通人很遥远，大部分人完全不需要担心。 — Star (@star_okx) August 9, 2024 Tornado Cash Controversy Tornado Cash is recognized for hiding crypto transactions, which unscrupulous people exploit to launder money and commit other crimes.

Related Reading: Bitcoin NVT Golden Cross Gives Bottom Signal: What Happened Last 2 Times OKX Compliance Measures Nowadays, OKX’s risk control systems are programmed to automatically find and close accounts linked to Tornado Cash or another approved company.

Related Reading: Dogecoin Price (DOGE) Poised for a Steady Increase, Inspired by Bitcoin Impact On Tornado Cash OKX’s deactivation of Tornado Cash accounts follows a crypto industry trend towards regulatory compliance and legality.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaOmanPhilippinesUnited States

Topics: Money Laundering Cryptocurrency Market News Tornado Cash OKX Crypto Mixer

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-09 @ 21:30:28 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 384 words

Reading Time: 3 minutes read

Sentences: 64 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22002235

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