US sanctions Tornado Cash over fears of aiding North Korean hackers
by Reuters from on (#629DR)
US treasury says popular cryptocurrency service reportedly laundered more than $7bn worth of virtual currency
The United States on Monday imposed sanctions on Tornado Cash, a popular cryptocurrency service that allows users to mask their transactions, accusing it of helping hackers, including from North Korea, to launder proceeds from their cybercrimes.
A senior treasury department official said Tornado Cash, one of the largest virtual currency mixers" identified as problematic by the treasury, has reportedly laundered more than $7bn worth of virtual currency since it was created in 2019.
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