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I'm much more interested in the bitcoin payment side of this story than I am in the conversion. I would love to know if
From a Coindesk article about this:
Wednesday's action did not include a single wallet address, however. OFAC has published bitcoin and tron addresses in past crypto designations, including seven tron wallets when it named Zedcex in January, and those strings are what compliance teams actually load into screening software.
There's also an interesting TRM Labs article about the sanctions, but it doesn't publish any specific addresses, although they do publish a lot more info about the thing the "Dot One ecosystem"
Ah! I just realized I somehow chopped the end of that sentence.
I would love to know if there is anyone who has identified an actual bitcoin address that is linked to one of these transactions.
I tried a little digging last night to see if Bitbank had a known exchange address or something like that, but didn't uncover anything.
why are all these state operators shitcoiners?
We could ask the question from that angle or we could ask why they aren't using bitcoin. Perhaps they are just thoughtless, ignorant bureaucrats who don't understand why they should be using censorship resistant money, or perhaps there is some practical reason that sending beaver tokens on Tron or whatever was more expedient for them.
Same as the Revolut hackers asking for a monero bounty. The customer, though ignorant, is always right. I want to know what pulled them toward monero and away from bitcoin. Is it some claim of privacy or are they afraid that their bitcoin will be too trackable because they don't know how to move it privately?
The way I read this is that the underlying action that OFAC doesn't like, is that the Bitcoin was converted back into greenbacks? That's why they say it's
laundering? So if they (Hormuz Safe) would not convert their ill-gotten Bitcoin back into dollars, there is no case?This may be a good thing to think about.