OKX Closes Accounts Linked to Tornado Cash
In order to strengthen financial integrity and ensure compliance with international sanctions, OKX CEO Star Xu has announced that any accounts on the OKX exchange found to be involved with Tornado Cash will be terminated.
This decision has been made in light of growing concerns about Tornado Cash, a decentralized mixing service that allows users to obscure the source and destination of their cryptocurrency transactions.
While this service may be popular among those who value privacy, it is also being used by criminals to launder stolen funds.
Xu emphasized that any users who deposit funds from entities that are subject to sanctions, such as Garantex or Tornado Cash, into OKX accounts or attempt to withdraw funds from OKX to these entities will trigger the exchange’s risk control measures and result in account closures.
