- OKX Cracks Down on Tornado Cash Connections
- Accounts interacting with sanctioned entities face closure.
- Strict measures target deposits and withdrawals to flagged entities.
- OKX reinforces commitment to regulatory compliance.
OKX’s New Policy on Sanctioned Entities
In a firm stance against illegal financial activities, OKX CEO announced a strict new policy targeting accounts interacting with sanctioned entities like Tornado Cash and Garantex. This move is part of OKX’s broader commitment to maintaining regulatory compliance and ensuring a safe trading environment for its users.
Accounts Facing Immediate Closure
According to the new policy, any account found to be interacting with Tornado Cash or other sanctioned entities will face immediate closure. Whether users deposit funds from these entities into their OKX accounts or withdraw funds to them, risk control mechanisms will be triggered, resulting in swift action.
This measure is designed to safeguard the platform from being used as a conduit for illegal financial transactions, reinforcing OKX’s position as a compliant and responsible player in the cryptocurrency space.
As the crypto landscape continues to evolve, platforms like OKX are taking necessary steps to align with global regulatory standards, ensuring their services are not exploited for illicit activities.
