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U.S. Energy Secretary: Washington prefers diplomatic dialogue with Iran, but will destroy Tehrans nuclear facilities "if necessary".Nepalese police: Floods have killed at least 157 people.August 27th - According to sources, US allies privately assess that the Strait of Hormuz likely still contains mines. While the US has made some progress in clearing mines in international waters, it is estimated that not all of the 80 to 150 mines laid by Iran have been cleared, and some may have drifted away with the currents. Trump has recently claimed that all mines in the strait have been cleared, stating that the Strait of Hormuz is a "perfectly functioning strait." The US Central Command declined to comment on estimates of the number of mines in the Strait of Hormuz on Wednesday. Analysts believe the possibility of all mines being cleared is "extremely low." Even if the mine threat has decreased, many merchant ships remain within range of Iranian drones and short-range missiles, and many vessels are beyond the coverage of US air defense systems. The International Maritime Organization also stated that it has no definitive information on the clearing of mines and urged ships to exercise maximum caution. Iran claims that only Iran knows the location of the mines and has warned that US mine-clearing vessels could become targets. Currently, Iran and Oman have discussed establishing a "temporary joint maritime corridor" and a mine clearance project; Britain and France are also planning mine clearance and shipping support operations after the ceasefire.A spokesperson for the European Commission said the Commission is in communication with Meta Platforms (META.O) regarding the preliminary finding that its "addictive design" violates the Digital Services Act (DSA).A spokesperson for the European Commission said: The Commission will not comment on the settlement of Meta Platforms (META.O) in the United States.

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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