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 problem because it tweeted a number of occasions by way of Monday after the sanction was issued.
The USDC “Blacklist Coverage” states that when an tackle is “blacklisted,” it may possibly “now not obtain USDC and the entire USDC managed by that tackle is blocked and can’t be transferred on-chain.” Thus, any USDC at present held in a Twister Money tackle is now frozen indefinitely.
The addresses tweeted out by USDCBlacklist match these on the document 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” operate exists inside USDC to dam addresses “after we are legally required.”
The affect on Twister Money’s potential to function is as but unknown. Nonetheless, upon reviewing the sensible contracts there’s roughly $81,000 USDC at present held by Twister Money that’s now doubtlessly frozen.
CryptoSlate has open communication channels with the Twister Money workforce, however they’ve but to answer to requests all through the day. This text shall be up to date with any additional info because it turns into obtainable.