Wu said that Galaxy Digital research director Alex Thorn stated that the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has added a total of 518 Bitcoin addresses to the sanctions list (SDN list). These addresses have historically received approximately 249,800 BTC, sent out about 239,700 BTC, and currently still hold a net of about 9,306 BTC, which is approximately $707 million at current prices. He added that being listed on the SDN list means that the related assets will be frozen and U.S. entities are prohibited from engaging in any transactions with them.

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