The U.S. Treasury Department announced that it has imposed sanctions on crypto mixing service Tornado Cash. The ministry is preventing US citizens from using Tornado Cash, claiming that Tornado Cash was used to launder funds stolen by North Korean hackers.
Tornado Cash Decision from the US Treasury Department
The US Treasury Department has banned all Americans from using Tornado Cash. The Ministry’s Office of Foreign Asset Control (OFAC) has added address mixer Tornado Cash and some Ethereum addresses to its sanctions list. According to the officially released information, OFAC has placed Tornado Cash on its Specially Designated list. This can be explained as a list of sanctioned individuals, organizations and crypto addresses.
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