Coinbase said a technical issue caused fewer than 100 users' bitcoin transfers from Binance to be blocked, but the issue has been resolved and affected users have been informed. thesamreynolds reports.
A technical issue on Coinbase’s side led to certain transfers of bitcoin from Binance being blocked.
Users on Reddit and Twitter were reporting late Tuesday that attempts to transfer bitcoin from Binance to Coinbase were being met with an Office of Foreign Assets Control notice that said their transfer was being blocked because it was coming from an “OFAC sanctioned address.” A spokesperson for Coinbase acknowledged that this was a technical issue, which impacted fewer than 100 people, and has been fixed. Coinbase sent affected users an email saying the deposit will be credited to their account shortly.
OFAC maintains a lengthy list of crypto wallets and protocols that have been classified as “specifically designated nationals” and sanctioned, meaning that U.S.-based entities are not allowed to interact with them.In August 2022, the crypto mixer Tornado Cash was
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