Circle’s USDC has “blacklisted” all Ethereum addresses owned by Twister Money listed within the US Treasury Division’s sanction towards the protocol.
A Twitter bot named USDC Blacklist, which scrapes the blockchain for USDC blocklists, highlighted the difficulty because it tweeted a number of instances by means of Monday after the sanction was issued.
The USDC “Blacklist Coverage” states that when an tackle is “blacklisted,” it may well “not obtain USDC and all the USDC managed by that tackle is blocked and can’t be transferred on-chain.” Thus, any USDC presently held in a Twister Money tackle is now frozen indefinitely.
The addresses tweeted out by USDCBlacklist match these on the file launched by the US Treasury. Additional, Twister Money co-founder Roman Semenov has additionally revealed that his Github account has additionally been suspended following the sanctions.
My @GitHub account was simply suspended 🤷
Is writing an open supply code unlawful now?
— Roman Semenov 🌪️ 🇺🇦 (@semenov_roman_) August 8, 2022
In June, Circle’s CEO, Jeremy Allaire, confirmed {that a} “blacklist” perform exists inside USDC to dam addresses “after we are legally required.”
The influence on Twister Money’s capacity to function is as but unknown. Nonetheless, upon reviewing the good contracts there may be roughly $81,000 USDC presently held by Twister Money that’s now probably frozen.
CryptoSlate has open communication channels with the Twister Money group, however they’ve but to answer to requests all through the day. This text will likely be up to date with any additional info because it turns into out there.