Home Technology US lifts sanctions on Tornado Cash, a crypto mixer linked to North Korean money laundering

US lifts sanctions on Tornado Cash, a crypto mixer linked to North Korean money laundering

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The United States Treasury officials have raised sanctions on Tornado’s cash, a cryptographic mixer that the United States government said previously that it was used to wash the cryptography of $ 7 billion stolen by the North Korean computer pirates.

In A statementThe treasure said that “he exercised our discretion” to eliminate tornado cash after a Legal battle. The sanctions make it illegal for Americans or US companies to carry out transactions with a quoted entity.

Encryption mixers allow customers to hide where their cryptography came from, including contaminated or illicit funds, combining funds with other cryptography.

In 2022, the Treasury He accused the tornado tornado “notorious” Crypto to wash hacks carried out by North Korea, whose objective is to steal cryptography to finance its nuclear weapons program. In August 2023, the two founders of Tornado Cash were criminally accused in a federal court in New York, accused of conspiracy to launder money and sanctions violations.

The treasure said after its elimination of cash of the tornado that remains “deeply concerned” by the threat of cryptographic hacks of the North Korean regime.

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