Circle’s USDC has “blacklisted” all Ethereum addresses owned by Twister Money listed within the US Treasury Division’s sanction in opposition to the protocol.
A Twitter bot named USDC Blacklist, which scrapes the blockchain for USDC blocklists, highlighted the difficulty because it tweeted a number of occasions by means of Monday after the sanction was issued.
The USDC “Blacklist Coverage” states that when an handle is “blacklisted,” it may “not obtain USDC and the entire USDC managed by that handle is blocked and can’t be transferred on-chain.” Thus, any USDC presently held in a Twister Money handle is now frozen indefinitely.
The addresses tweeted out by USDCBlacklist match these on the report 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 “once we are legally required.”
The impression on Twister Money’s capability to function is as but unknown. Nevertheless, upon reviewing the good contracts there may be roughly $81,000 USDC presently held by Twister Money that’s now doubtlessly frozen.
CryptoSlate has open communication channels with the Twister Money crew, however they’ve but to answer to requests all through the day. This text might be up to date with any additional info because it turns into obtainable.