US Treasury sanctions Tornado Cash, accused of laundering stolen crypto

“E come fanno con i mixer ?”

così.

Source: Techcrunch

The U.S. has sanctioned decentralized cryptocurrency mixing service Tornado Cash for its role in enabling billions of dollars’ worth of cryptocurrency to be laundered through its platform.

The laundered funds include $445 million stolen by the Lazarus Group, a notorious North Korean-backed hacking group that is already under U.S. sanctions.  The U.S. previously linked Lazarus to the theft of $625 million in cryptocurrency from the Ronin Network, an Ethereum-based sidechain made for the popular play-to-earn game Axie Infinity, and more recently the $100 million theft from Harmony’s Horizon bridge. North Korea has long used cryptocurrency-stealing operations, like ransomware, to fund its nuclear weapons program.

“Despite public assurances otherwise, Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a regular basis and without basic measures to address its risks,” said Treasury Under Secretary Brian E. Nelson. “Treasury will continue to aggressively pursue actions against mixers that launder virtual currency for criminals and those who assist them.”

Continua qui: US Treasury sanctions Tornado Cash, accused of laundering stolen crypto | TechCrunch

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