OFAC sanctioned addresses
The Office of Foreign Assets Control (OFAC), part of the US Department of the Treasury, enforces economic and trade sanctions. An OFAC sanctioned address is either on OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List) or linked to an OFAC-sanctioned person.
To learn more about OFAC, please visit Office of Foreign Assets Control - Sanctions Programs and Information | US Department of the Treasury
What happened to your funds?
If we notify you about an attempt to send or receive from a sanctioned address, the funds will be moved to a secure Coinbase internal holding account.
Other funds in your account are not subject to this restriction and are available for your use, subject to the terms of the Coinbase User Agreement. If your account was suspended by Coinbase for any other reason, you will receive a separate notice from us.
How to retrieve held funds
To get your funds back, apply for a specific license from OFAC using the Release of Blocked Funds license application on OFAC's website.
After getting the license, follow the instructions below to submit to Coinbase. For more information, visit the OFAC FAQ page, or the OFAC licensing page.
Submitting your OFAC license
Coinbase can't take action on these funds until receiving a license from OFAC.
If you get a license from OFAC, contact Coinbase Support. A Coinbase support agent will provide you with a secure link to provide the license and transaction details. Don't send these documents through messenger or email.
You should see your funds within 24-48 hours after submitting your license to us.
Unsolicited crypto transactions from an OFAC sanctioned address
If this activity occurs, Coinbase will alert you about the attempted transaction. This doesn't affect your ability to use your Coinbase account.
Coinbase automatically stops funds, sent from a sanctioned address, from being deposited into your account. No action is needed, and you should have full access to your funds.