First in History: Sanctions on Two Bitcoin Addresses from the USA

For the first time in history, the US has issued sanctions against the Bitcoin addresses of two Iranians who demand ransom with the software program. Banned addresses;

149w62rY42aZBox8fGcmqNsXUzSStKeq8C and 1AjZPMsnmpdK2Rv9KQNfMurTXinscVro9V .

These addresses are thought to be controlled by SamSam ransomware and are thought to be controlled by Alihamhor. /p>

The United States Department of the Treasury’s Office of Foreign Assets Audit, which issued the sanctions, says that the cryptocurrency communities should ban these addresses and initiate an investigation. Persons in the United States are prohibited from sending their Bitcoins to these addresses, and anyone doing so is subject to secondary sanctions.

How Realistic is the Ban?

However, Bitcoin’s truly decentralized and cryptographic It is impossible to directly sanction a Bitcoin address due to its security. Since Bitcoin addresses cannot be closed by any government or institution, people may prefer to send Bitcoin to these addresses. This is one of the constants and strengths of Bitcoin.

On November 29, 2018, a day after the sanction was issued, a small amount of Bitcoin is still being sent to these 2 addresses.

In any case, While Bitcoin wallet holders can only create new addresses to receive Bitcoin, some wallets like Blockchain.com automatically generate a new address after each deposit. Khorashadizadeh and Ghorbaniyan have the ability to generate almost unlimited addresses, which confirms that any Bitcoin address is meaningless.

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