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US Treasury Redesignates Sanctions on Tornado Cash Crypto Mixer, Citing North Korea Involvement

US Treasury Redesignates Sanctions on Tornado Cash Crypto Mixer, Citing North Korea Involvement


cryptonews
2022-11-09 15:56:00

The US Treasury Department has redesignated sanctions on the mixing service Tornado Cash, saying North Korea’s Lazarus Group has used the service to launder more than $100m stolen in crypto heists. The new sanctions were published by the Treasury Department’s Office of Foreign Assets Control (OFAC), and ties Tornado Cash to laundering of $96m stolen in the Harmony Bridge Heist in June 2022, and at least $7.8m stolen in the so-called Nomad Heist in August 2022.... Read More: US Treasury Redesignates Sanctions on Tornado Cash Crypto Mixer, Citing North Korea Involvement


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