Tornado Cash blacklisted by US Treasury Department

Cryptomixer Tornado Cash is blocked by decision of the US Department of the Treasury due to suspicion of money laundering 7billion dollars since 2019:

According to reports, the North Korean hacker group Lazarus Group,launderedthrough Tornado Cash, at least $455 million. In addition, through the mixer it waslaundered$96 million Harmony Bridge after theft on June 24, 2022.

The decision of the US Treasury Department led toblocking of some USDC addresses, which sparked debate on social media regarding the “centralization” of the USDC stablecoin and Circle’s ability to freeze accounts associated, in turn, with ETH liquidity pools. Overall, it looks like things could end badly, both for Tornado Cash and for many cryptocurrencies aimed at increased privacy. Source