US Treasury Redesignates Sanctions on Tornado Cash Crypto Mixer, Citing North Korea Involvement

The US Treasury Department has redesignated sanctions on the mixing service Tornado Cash, saying North Korea’s Lazarus Group has used the service to launder more than $100m stolen in crypto heists. The new sanctions were published by the Treasury Department’s Office of Foreign Assets Control (OFAC), and ties Tornado Cash to laundering of $96m stolen in the Harmony Bridge Heist in June 2022, and at least $7.8m stolen in the so-called Nomad Heist in August 2022.... Read More: US Treasury Redesignates Sanctions on Tornado Cash Crypto Mixer, Citing North Korea Involvement