Galaxy Digital research head: OFAC sanctions list contains 518 Bitcoin addresses

Alex Thorn, research director at Galaxy Digital, said the U.S. Treasury's Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) list has historically included 518 Bitcoin addresses. He noted these addresses have received a combined 249,814 BTC and sent 239,708 BTC, leaving an estimated net balance of about 9,306 BTC—roughly $707 million at current market prices. Thorn added that OFAC sanctions are just one of several tools the U.S. uses to seize illicit assets, and said the CLARITY Act would further expand the Treasury's authority in this area.