Okx Says Accounts Interacting With Tornado Cash Will Be Closed

Okx Says Accounts Interacting With Tornado Cash Will Be Closed

According to the CEO of the cryptocurrency exchange Okx, users are now barred from account interacting with Tornado Cash and Garantex. In a post on social media, the CEO said any Okx accounts receiving deposits from sanctioned entities, including Garantex and Tornado Cash, will trigger compliance risk control, ultimately leading to account closure. Similarly, any Okx user withdrawing funds to these entities will face the same fate. However, the CEO assured users that these measures only apply to a minority of them, and the rest of Okx users need not worry.

Tags in this story

Bitcoin.com

Bitcoin.com

Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. Featuring accessible educational materials, timely and objective news, and intuitive self-custodial products, we make it easy for anyone to buy, spend, trade, invest, earn, and stay up-to-date on cryptocurrency and the future of finance.

Wazirx Update: Trade Reversals Near Completion, 344 Bounty Entries Received

UAE and UK Accounting Bodies Partner to Shape Digital Finance Future

Image Credits: Shutterstock, Pixabay, Wiki Commons

I want to buy

Bitcoin(BTC)

Automatically select best provider

More Popular News

Latest crypto news in your inbox

Get the newsletter directly to your inbox

Login to Bitcoin.com

Use this account to activate and manage your Bitcoin.com subscription

OR

Powered by Stytch

I agree to receive informational and marketing emails from Bitcoin.com and its partners.

Bitcoin.com Wallet logo

Continue in the Bitcoin.com App

Get the latest news and market updates and invest in Bitcoin & crypto.

Read in app

10.08.2024

views: 970

You may have missed

What’s Preventing Bitcoin’s (BTC) Price from Reaching $70,000? How Long Will It Stay Under $65,000?

The crypto markets are becoming uncertain of the next price action as the top token, Bitcoin, has been shadowed under misty clouds. The bulls and bears exert equal pressure, causing the price to remain consolidated within a narrow range. With the price advancing towards the second half of the month, more bearish action is expected to occur, which could shake up the BTC price rally and the entire crypto market...

BlackRock, Fidelity Combined Hold Almost 2.5% of Total BTC Supply in Their ETFs

BlackRock’s IBIT and Fidelity’s FBTC funds combined account for 2.5% of the total Bitcoin supply, representing over US$30 billion. IBIT holds 347,766.96 BTC worth US$20.32 billion, doubling the BTC count of Fidelity’s FBTC. Institutional investors like governments, public and private companies, and funds now hold a substantial and increasing share in the global Bitcoin market. BlackRock’s iShares with its IBIT and Fidelity’s Wise Origin Bitcoin FBTC funds now account for...

Bitcoin Technical Analysis: BTC Struggles Amidst Bearish Pressure, Eyes Key Support Levels

Bitcoin’s price on August 12, 2024, stands at $59,777, with intraday 24-hour prices ranging between $57,814 and $61,054. The cryptocurrency’s market capitalization is $1.16 trillion, supported by a 24-hour trade volume of $29.81 billion. As bitcoin navigates this challenging environment, technical indicators reveal continued bearish momentum, testing the resolve of bullish investors. Bitcoin The 1-hour chart reveals a pronounced bearish trend, with bitcoin’s price declining from $61,868 to approximately $57,681...