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On March 11, local time, the Iranian Islamic Revolutionary Guard Corps issued a statement confirming the deaths of several Iranian military personnel in the US-Israeli attacks. These included Mohammad Shirazi, director of the Supreme Leaders military office; Akbar Ibrahimzadeh, deputy director of the General Staffs office; Saleh al-Asadi, deputy chief of intelligence of the General Staff of the Armed Forces; Bahram Hosseini Motalek, director of the Planning and Operations Bureau of the General Staff of the Armed Forces; Mohammad DArebaj, deputy minister of logistics and support of the Armed Forces; and Gholamreza Rezaian, director of the intelligence bureau of the Iranian police force.On March 11th, Peter Cardillo, chief market economist at Spartan Capital Securities in New York, commented on the US CPI data, stating that in a sense, this is good news because we havent seen inflation accelerate. In fact, year-on-year, the 2.4% level isnt far from the Feds 2% target. Therefore, I think this represents some easing. Of course, these figures still depend on the progress of the war. If the war continues for a long time, and oil prices remain at current levels or rise further, then we may see higher inflation in the coming months.Federal Reserve Governor Bowman will speak on regulatory issues in ten minutes.The Swiss government announced that the ambassador and five Swiss staff members left Iran by land today and have safely arrived outside of Iran.On March 11, it was reported that the well-known law firm Yingke Law Firm was embroiled in rumors of its founders financial troubles. The rumors pointed to Mei Xiangrong, the firms Party Secretary, Director, and Global Board Chairman, alleging a huge deficit due to irregularities in financing and guarantees. On March 11, a reporter contacted relevant staff at Yingkes Beijing branch, who stated that there was currently no accurate information regarding the rumors and that a unified statement would be issued later.

DEX dYdX Blocks Tornado Cash Affiliated Accounts Citing US Sanctions

Jimmy Khan

Aug 12, 2022 14:47

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This week, the Office of Foreign Asset Control (OFAC) and the US Treasury imposed an outright ban on Ethereum, putting the decentralized non-custodial privacy solution therein in serious jeopardy.


The government not only forbade its residents from utilizing the services, but it also established similar guidelines for cryptocurrency firms, telling them not to collaborate with the platform. Since that time, dYdX has been the first decentralized exchange to take action in its direction.

After a tornado, dYdX

The DEX gave its clients an explanation of the cause of the Tornado Outage on the platform in a blog post published yesterday.


As the $625 million Axie Infinity Ronin Bridge assault, where Tornado was utilized as a way to transport the stolen cash around, is one of the most well-known hacks in the history of cryptocurrency, the OFAC banned Tornado Cash.


Beyond this, however, Tornado's privacy regulations made it a go-to for thieves. Thus, the OFAC declared it obligatory to avoid Tornado Crash in order to eliminate the likelihood that the same would be sponsored from inside the nation.


As a result, a sizable number of customers saw that dYdX had disabled their accounts because of their connection to Tornado Cash, according to what the DEX had to say.


"This sudden influx of flags affected many account holders who have never directly interacted with Tornado Cash, and frequently such users do not realize the origin of the funds transferred to them during various transactions prior to interfacing with our platform, but we must nonetheless maintain certain restrictions," said Tornado Cash.

A terrifying storm with a tornado

Things started to fall apart as the crypto facilitator platform dealt with OFAC prohibitions, and in only three days, the network's native token, TORN, reached new lows.


Trading for TORN was spotted at $16.3, down from $30 less than a week ago, a drop of more than 45%.


Investor losses as a result of this abrupt blacklisting are unprecedented since the platform has been permanently blacklisted, making it unable to recoup from the price collapse of 45%.


And now that both DeFi and non-DeFi crypto exchanges are acting in this way, things are only going to grow worse for TORN moving ahead.

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