Snoop Dogg, Steve Aoki, Logan Paul, and Beeple Dusted by OFAC-Banned Tornado Cash Transactions – Bitcoin News

0
56
[ad_1]

Following the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) banning Tornado Cash and a number of associated Ethereum-based addresses, an anonymous Tornado Cash user has dusted a swathe of well known wallets tied to ENS domain names. Onchain data shows that a number of celebrities and organizations received 0.1 ether from the platform. Blockchain explorers indicate Linkin Park’s Steve Aoki, Youtuber Logan Paul, the Ukraine Crypto Donations address, comedian Jimmy Fallon, the sneaker company Puma, and rap star Snoop Dogg are among the recipients.

Celebs and Well Known Organizations Receive 0.1 Ether From the Tornado Cash Platform

Things got interesting following the recent United States government ban against the ethereum (ETH) mixer Tornado Cash after a number of well known organizations and celebrities received funds from the sanctioned platform. The organizations and celebrity addresses are public knowledge because many of them purchased Ethereum Name Service domains and others have shared their public addresses by showing off their valuable non-fungible tokens (NFTs).

For instance, it is public knowledge that “Shady_Holdings” is an account on Opensea and its associated ethereum address is connected to Marshall Mathers, otherwise known as the rap star Eminem. Mathers, however, got lucky and did not get dusted like some of the other famous NFT collectors that did receive OFAC-banned ethereum.

It’s not guaranteed that the ENS domain names that were dusted are directly connected with the names registered, as anyone can register an ENS name if it’s not yet taken. But the public is aware of many individuals and companies that have revealed purchasing ENS domains, like when the American beer manufacturer Budweiser purchased the beer.eth ENS name for $96K on August 11, 2021. A few celebrities who bought expensive blue chip NFTs like Bored Apes or Cryptopunks have purchased these NFTs with registered ENS domains using their actual name.

On August 9, 2022, reports detailed that an anonymous Tornado Cash user dusted or sent small fractions of ETH to a number of ENS names that are ostensibly tied to celebs and well known organizations. The sender sent 0.1 ETH worth $168 to a great number of addresses, some of which allegedly belong to the sneaker giant Puma and the Ukraine Crypto Donations ether address. Furthermore, ENS names reportedly tied to Coinbase CEO Brian Armstrong and Andreessen Horowitz co-founder Ben Horowitz were sent a small fraction of the so-called ‘tainted ether’ as well.

Onchain data shows Snoop Dogg’s alias ENS name “Cozomo de’ Medici” was dusted. Youtuber Logan Paul, Steve Aoki from Linkin Park, the popular NFT artist Beeple, and the American television host and comedian Jimmy Fallon were recipients in the dusting. Randi Zuckerberg, Shaquille O’Neal, and Dave Chappelle were also dusted by OFAC-banned ether.

A majority of the ENS names have been verified to be associated with the actual person because at one time they were showing off their beloved NFT. Because it’s illegal for an American to interact with Tornado Cash in any way, those who do associate with the platform may get investigated and some may face charges for disobeying sanctions laws.

However, because the mass dusting caught the attention of the media and crypto users on social media, it’s pretty clear that the dusted people and organizations had no intention of receiving funds from the sanctioned entity. U.S. laws note that any American citizen or U.S.-based organization that intentionally interacts with Tornado Cash or any of the sanctioned crypto addresses, can face penalties like prison time and fines between $90,000 to $308,000 per violation.

Tags in this story
Ben Horowitz, Blue-Chip NFTS, Brian Armstrong, Cozomo de’ Medici, Crypto, Cryptocurrency, defi educator, Digital Assets, Dusted, Dusting, ENS, ENS domain names, ENS domains, Hackers, Jimmy Fallon, Lazarus Group, Logan Paul, Mixing Application, NFTs, north korea, OFAC, OFAC list, Puma, sdn list, Snoop Dogg, Steve Aoki, Tornado cash, Tornado Cash ETH, Tornado Cash ETH addresses, Tornado Cash mixer, treasury department, US Treasury

What do you think about the mass Tornado Cash dusting of famous people and organizations? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Previous articleFTX Pay Integrates With Reddit’s Arbitrum Nova-Powered Community Points System – Bitcoin News
Next articleBuy a Dream House With Bitcoin In the Idyllic Caribbean Valley of Puerto Rico – Sponsored Bitcoin News
Tells ✍️ impactful, human and diverse stories. Love 💗 and Peace ✌️

LEAVE A REPLY

Please enter your comment!
Please enter your name here