US EditionU.S. Government Removes Tornado Cash Sanctions
- The U.S. Department of Treasury announced the removal of sanctions against Tornado Cash, a platform used by North Korean Lazarus hackers for laundering stolen cryptocurrency, in a recent press release.
- Tornado Cash had been sanctioned for laundering over $7 billion and facilitating crypto hacks by North Korea's Lazarus Group.
- Founders of Tornado Cash have faced charges for helping launder over $1 billion, according to documents from the U.S. Justice Department.
- The Treasury Department reiterated its commitment to combating state-sponsored hacking and money laundering campaigns targeting the Democratic People's Republic of Korea.
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OODA LoopUS removes sanctions against Tornado Cash crypto mixer
The U.S. Department of Treasury announced today that it has removed sanctions against the Tornado Cash cryptocurrency mixer, which North Korean Lazarus hackers used to launder hundreds of millions stolen in multiple crypto heists.
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