US Treasury suspects Tornado Cash of funding North Korea's nuclear program

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The Office of Foreign Assets Control (OFAC) has updated sanctions on cryptocurrency mixer Tornado Cash, saying it funded North Korea's nuclear program.

Department of the Treasury, OFAC, claims thatTornado Cash supported the creation of weapons of mass destruction in the DPRK with money received from services rendered to hacker groups and individuals outside the United States. Thus, the resource not only violated the law on the regulation of digital assets, but also US sanctions.

Persons laundering money through mixer outsideThe US, the regulator insists, could directly or indirectly participate in hostile activities directed against the Americans. The Authority has warned that founders, developers, DAO members, or users may be subject to secondary sanctions due to their collaboration with Tornado Cash. OFAC did not specify what additional restrictions could be imposed on individuals or companies.

In September, one of the most popular ETH mixersTornado Cash was placed on the U.S. Treasury Department's sanctions list because the platform was used by hackers to launder money stolen from crypto exchanges.