U.S. Treasury Lifts Sanctions on Tornado Cash Crypto Mixing Service
APTBreakingNewsLawsandregulationsSecurityHackinghackingnewsinformationsecuritynewsITInformationSecurityLazarusmixerPierluigiPaganiniSecurityAffairsSecurityNewsTornadoCashU.STreasury
The U.S. Department of the Treasury has lifted sanctions against the cryptocurrency mixing service Tornado Cash, which was accused of helping the North Korean Lazarus group launder illicit funds. In August 2022, the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury had imposed sanctions on Tornado Cash. This decision comes after months of controversy and debate over the impact of the sanctions on the cryptocurrency industry and individual liberties.