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Ethereum mixer Tornado Cash hit by US sanctions

8 August OFAC added to the sanctions list the site of the cryptocurrency mixer Tornado Cash, 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 more than $96 million in cybercriminals from the Harmony heist in June 2022. In addition, at least $ 7.8 million, stolen during the hacking of the Nomad cross-chain protocol in early August, passed through the service.

The agency has blocked any Tornado Cash property within US borders. Residents and citizens of the country are prohibited from working with the service.

Recall that in May, the US Department of the Treasury added the cryptocurrency mixer and associated bitcoin and Ethereum addresses to the sanctions list. The agency claims that the service helped launder funds stolen by North Korean hackers and was allegedly involved in ransomware attacks.

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About author

Oxford graduate with honors. He worked in large financial projects for well-known Wall Street corporations. After he earned his first capital and a reputation as a successful trader, he opened his own company. At the moment, the growth of the company's capital is 20% per year.
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