U.S. Sanctions Virtual Currency Mixer Tornado Cash for Alleged Use in Laundering

  • Thread starter Ravie Lakshmanan
  • Start date

Ravie Lakshmanan

The U.S. Treasury Department on Monday placed sanctions against crypto mixing service Tornado Cash, citing its use by the North Korea-backed Lazarus Group in the high-profile hacks of Ethereum bridges to launder and cash out the ill-gotten money. Tornado Cash, which allows users to move cryptocurrency assets between accounts by obfuscating their origin and destination, is estimated to have been

Continue reading...