US Authorities Sanction Ethereum Mixer Tornado Cash
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The OFAC added to its sanctions list the cryptocurrency mixer Tornado Cash website on August 8, as well as 39 Ethereum and 6 USDC addresses associated with it.
According to the agency, since the creation of Tornado Cash in 2019, with its help, attackers have laundered more than $7 billion worth of cryptocurrency. Over $455 million of them are associated with the activities of the North Korean hacker group Lazarus Group.
Tornado Cash was also used to launder over $96 million in cybercriminals from the Harmony heist in June 2022. In addition, at least $ 7.8 million, stolen during the hacking of the cross-chain protocol Nomad in early August, passed through the service.
The agency has blocked any Tornado Cash property within US borders.
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