North Korea’s increasing use of crypto heists to fund nukes worries US

Summary by Ground News
The US Treasury Department sanctioned Tornado Cash, which North Korean hackers have used for laundering. The platform had shortcomings that benefited cyber-criminals, the government said. North Korea alone has laundered approximately $1 billion in stolen funds, TRM Labs estimates. The sanctions prohibit any Americans or American entities from using Tornado Cash.
Published 4 months ago · Washington, United States Photography pcmag.com

News Articles

More Filters
All
Left
Center
Right

US sanctions cryptocurrency service allegedly used by North Korea for money laundering

The US Treasury on Monday sanctioned Tornado Cash, a virtual currency mixer, for its use by cybercriminals, including those under US sanctions.

4 months ago·Atlanta, United States
Read Full Article

Treasury penalizes crypto service that laundered funds for North Koreans

The service, Tornado Cash, is a crypto "mixer" that allowed hackers and others to launder more than $7 billion since 2019.

4 months ago·Washington, United States
Read Full Article

North Korea’s increasing use of crypto heists to fund nukes worries US

North Korea is increasingly using its crypto heists to fund its nuclear weapons program, worried U.S. officials say. “I’m very concerned about North Korea’s cyber capabilities,” Anne Neuberger, the…

4 months ago·Washington, United States
Read Full Article

US sanctions cryptocurrency service allegedly used by North Korea for money laundering - Local News 8

By Jennifer Hansler and Brian Fung, CNN The US Treasury on Monday sanctioned Tornado Cash, a virtual currency mixer, for its use by cybercriminals, including those under US sanctions. According to a senior Treasury official, Tornado Cash has reportedly laundered more than $7 billion in virtual currency since its launch in 2019, including $455 million

4 months ago·Idaho Falls, United States
Read Full Article

North Korea has laundered $1 billion in crypto via Tornado Cash - and the US Treasury just slammed the platform with sanctions

Ethereum-based crypto mixer Tornado Cash has been used by North Korea to launder $1 billion in crypto, according to TRM Labs.

4 months ago·United States
Read Full Article

U.S. Sanctions Cryptocurrency Firm Accused of Laundering Crime Money

The US on Monday imposed financial sanctions on 'cryptocurrency mixer' Tornado Cash, accused of involvement in money laundering

4 months ago·Portugal
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

50% of the sources lean Left, 50% of the sources are Center
CNN
The Washington Post
Business Insider
The Hill
KIFI
NK News
L 50%
C 50%
See less detail