Published 2 years ago

U.S. imposes sanctions on virtual currency mixer Tornado Cash

Summary by Ground News

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash today. The decentralized cryptocurrency mixer service used to launder more than $7 billion since its creation in 2019. The North Korean-backed APT Lazarus Group also used the crypto mixer to laundering approximately $455 million stolen in the largest known cryptocurrency heist ever.

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Times of India

US imposes sanctions on virtual currency mixer Tornado Cash

The United States on Monday imposed sanctions on virtual currency mixer Tornado Cash, accusing it of helping hackers, including from North Korea, to launder proceeds from their cyber crimes. A senior Treasury Department official said Tornado Cash, one of the largest mixers identified as problematic by the Treasury, has reportedly laundered more than $7 billion worth of virtual currency since it was created in 2019.

2 years ago·India

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The Guardian

US sanctions Tornado Cash over fears of aiding North Korean hackers

US treasury says popular cryptocurrency service reportedly laundered more than $7bn worth of virtual currency

2 years ago·London, United Kingdom

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The Hindu

Crypto hack currency mixer Tornado hit with U.S. sanctions

The Treasury Department has imposed sanctions on virtual currency mixer Tornado Cash, which has allegedly helped to launder more than $7 billion worth of virtual currency since its creation in 2019

2 years ago·India

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Reuters

U.S. imposes sanctions on virtual currency mixer Tornado Cash

The United States on Monday imposed sanctions on virtual currency mixer Tornado Cash, accusing it of helping hackers, including from North Korea, to launder proceeds from their cyber crimes.

2 years ago·United Kingdom

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Associated Press News

US issues sanctions on a 2nd virtual currency mixing firm

WASHINGTON (AP) — The Treasury Department has imposed sanctions on virtual currency mixer Tornado Cash, which has allegedly helped to launder more than $7 billion worth of virtual currency since its creation in 2019.

2 years ago·United States

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The Star Kuala Lumpur

Crypto mixer Tornado Cash’s accounts are disabled after US sanctions

The cryptocurrency mixer was allegedly used to launder more than US$7 billion (RM31.2bil) worth of illicit gains for North Korean hackers and other entities according to the US Treasury. Read full story

2 years ago·Malaysia

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