OFAC Sanctions List Adds 518 Bitcoin Addresses, Alex Thorn Says
Alex Thorn said OFAC’s SDN list has historically included 518 Bitcoin addresses holding about 9,306 BTC worth $707 million, and said the CLARITY Act would further expand Treasury powers.
BTC
Fact Check
The claim is plausibly true because the fetched KuCoin item, Head of Galaxy Research: US OFAC Sanctions List Includes 518 Bitcoin Addresses | KuCoin, specifically attributes to Alex Thorn the figures 518 Bitcoin addresses, about 9,306 BTC, and roughly $707 million, and also says the CLARITY Act would expand Treasury authority. Search results for The U.S. OFAC sanctions list involves 518 Bitcoin addresses and Is the CLARITY Act a surveillance bill in disguise? | MEXC News independently echo the same numbers and framing. However, I could not successfully fetch the referenced X post at https://x.com/x/status/2045996580998906247, nor a primary OFAC or Galaxy/Alex Thorn source page. Because the strongest available evidence is secondary reporting and the direct primary-source fetch failed, the claim cannot be rated above insufficient_evidence with confidence.
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Summary
Galaxy Digital research head Alex Thorn said OFAC’s Specially Designated Nationals list has historically included 518 Bitcoin addresses. According to Thorn, those addresses received 249,814 BTC and sent 239,708 BTC, leaving about 9,306 BTC worth roughly $707 million. Thorn also said the CLARITY Act would further expand U.S. Treasury powers.
Terms & Concepts
- OFAC SDN list: The U.S. Treasury’s sanctions list of Specially Designated Nationals and blocked parties, which can include associated crypto addresses.
- BTC: The ticker symbol for Bitcoin, the native asset of the Bitcoin network.
- CLARITY Act: A U.S. legislative proposal that Thorn said would further expand Treasury powers.