A technical issue on Coinbase’s side led to certain transfers of bitcoin from Binance being blocked. Users on Reddit and Twitter were reporting late Tuesday that attempts to transfer bitcoin from Binance to Coinbase were being met with an Office of Foreign Assets Control (OFAC) notice that said their transfer was being blocked because it was coming from an “OFAC sanctioned address.” A spokesperson for Coinbase acknowledged that this was a technical issue, which impacted fewer than 100 people, and has been fixed. Coinbase sent affected users an email saying the deposit will be credited to their account shortly. (Coindesk)
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Coinbase-OFAC Bug Affected Fewer Than 100 People and Has Been Fixed
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Cointime August 4 News Express
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