Get the latest tech news
US lifts sanctions on Tornado Cash, a crypto mixer linked to North Korean money laundering
Tornado Cash was used to launder billions in stolen crypto, according to the Treasury.
In a statement, the Treasury said it “exercised our discretion” to delist Tornado Cash following a legal battle. In August 2023, the two founders of Tornado Cash were criminally charged in a New York federal court, accused of conspiracy to launder money and sanctions violations. The Treasury said following its delisting of Tornado Cash that it remains “deeply concerned” about the threat of crypto hacks from the North Korean regime.
Or read this on TechCrunch