Ethereum mixer Tornado Cash affected by US sanctions
- August 8, 2022
- 0
8 August OFAC Added to the list of sanctions is the site of the cryptocurrency mixer Tornado Cash and its associated 39 Ethereum and 6 USDC addresses. According
8 August OFAC Added to the list of sanctions is the site of the cryptocurrency mixer Tornado Cash and its associated 39 Ethereum and 6 USDC addresses.
According to the agency, since Tornado Cash was created with his help in 2019, attackers have laundered more than $7 billion in cryptocurrencies.
Tornado Cash was also used to launder more than $96 million from the Harmony heist in June 2022. In addition, at least $7.8 million stolen during the hacking of the Nomad cross-chain protocol in early August had also passed through the service.
The agency has blocked any Tornado Cash property within the US borders. Residents and citizens of the country are prohibited from working with the service.
Recall that in May, the US Treasury Department added the Blender.io cryptocurrency mixer and the associated bitcoin and Ethereum addresses to its sanctions list. The agency claims the service helped launder funds stolen by North Korean hackers and was allegedly involved in ransomware attacks.
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
