US Authorities Sanction Ethereum Mixer Tornado Cash

Reading Time: < 1 minute

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.

Follow and like us on