September 21, 2023

Ethereum mixer Tornado Cash hit by US sanctions

Ethereum mixer Tornado Cash hit by US sanctions

On August 8, OFAC placed on the sanctions list the site of the cryptocurrency mixer Tornado Cash, as well as related 39 Ethereum- and 6 USDC addresses.

According to the department, since the creation of TornadoCash in 2019, with its help, the attackers laundered more than $7 billion worth of cryptocurrencies. Over $455 million of them are associated with the activities of the North Korean hacker group Lazarus Group.

Tornado Cash was also used for launderingmore than $96 million received by cybercriminals as a result of the robbery of the Harmony network in June 2022. In addition, at least $ 7.8 million, stolen during the hacking of the Nomad cross-chain protocol in early August, passed through the service.

The agency has blocked any Tornado Cash property within US borders. Residents and citizens of the country are prohibited from working with the service.

Recall that in May, the US Treasury introduced the sanctionsa list of the cryptocurrency mixer and associated bitcoin and ethereum addresses. The agency claims that the service helped launder funds stolen by North Korean hackers and was allegedly involved in ransomware attacks.

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