Comment on Crypto mogul Do Kwon, known as ‘the cryptocurrency king,’ pleads guilty to fraud charges
hark@lemmy.world 1 week agoCouldn’t those transactions be cut off at those swapping points to fiat? I assume if a bank doesn’t support a business directly transferring funds for a particular purpose then they’d take issue with indirectly transferring funds for the same purpose and would work to close those accounts.
Knock_Knock_Lemmy_In@lemmy.world 1 week ago
It can happen. That would involved cutting off access to all crypto for that individual. It’s not common.
Even on the token side there are often blacklist addresses (e.g. USDC) that perform a similar function. Usually for hacks rather than terrorism.