OFAC sanctioned Tornado Cash in August 2022 after claiming cybercriminals, particularly those tied to North Korea and its hacker ring, the Lazarus Group, used the platform to launder cryptocurrency procured from illicit activity

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MK Manoylov

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Tornado Cash

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Treasury Department lifts sanctions on Tornado Cash

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Tornado Cash was originally sanctioned in August 2022 amid allegations that it facilitated the laundering of over $7 billion in illicit funds, according to the US Treasury, primarily linked to North Korea’s Lazarus Group and high-profile crypto exploits

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Tornado Cash was originally sanctioned in August 2022 amid allegations that it facilitated the laundering of over $7 billion in illicit funds, according to the US Treasury, primarily linked to North Korea’s Lazarus Group and high-profile crypto exploits