Cointime

Download App
iOS & Android

F2Pool

ALL From F2Pool

F2Pool admits to filtering transactions involving OFAC-flagged Bitcoin addresses, will disable compliance filters after community backlash

November 24th, according to Bitcoin.com, F2Pool admitted to filtering transactions from Bitcoin addresses marked by the US Office of Foreign Assets Control (OFAC), and its co-founder Wang Chun admitted to using compliance filters and announced that it will abandon the review until the community reaches a consensus on the issue. The use of compliance filters has caused opposition in the community, and Wang Chun stated that transaction filters will be disabled.

F2pool admits to filtering transactions involving OFAC sanctioned addresses and will temporarily waive censorship until community consensus is reached

Odaily Star Daily News: Bitcoin mining pool F2Pool admits to filtering transactions from Bitcoin addresses marked by the Office of Foreign Assets Control (OFAC). After Bitcoin developer @0xB10C discovered this, F2Pool co-founder Chun Wang acknowledged that his mining pool did use this filter, but after being questioned by the community, he stated that he would abandon the review until the community reached a more comprehensive consensus on this issue. The relevant posts have been deleted after investigation.

Bitcoin Mining Pool F2Pool Accused of Censoring Transactions from Sanctioned Addresses

F2Pool, the third-largest Bitcoin mining pool, faced criticism on social media for allegedly censoring transactions from an address under US government sanctions. The controversy arose as many Bitcoin enthusiasts consider "censorship resistance" a fundamental principle of the blockchain. However, concerns have been raised by government officials worldwide that blockchain networks could be used to finance criminal activity and terrorism. F2Pool's decisions can have significant implications as they control a significant portion of the network's processing power.