The US Treasury on Monday sanctioned Tornado Cash
Washington (CNN) -The US Treasury on Monday sanctioned Tornado Cash, a virtual currency mixer, for its use by cybercriminals, including those under US sanctions.
According to a senior Treasury official, Tornado Cash has reportedly laundered more than $7 billion in virtual currency since its launch in 2019, including $455 million from the Lazarus Group, a North Korean state-sponsored hacking group. It was also used as recently as last week to launder money from a "heist" of Nomad, a US cryptocurrency firm, the official said.
Monday's sanctions will prohibit US persons, and those subject to US jurisdiction, from using the virtual currency mixer. ..