Imposing Sanctions on Virtual Currency Mixer Tornado Cash

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Imposing Sanctions on Virtual Currency Mixer Tornado Cash
The USA, 08 August 2022

Antony J. Blinken, Secretary of State

The United States is sanctioning virtual currency mixer Tornado Cash for its involvement in laundering a portion of the more than $600 million stolen by Democratic People’s Republic of Korea (DPRK) hackers in one of the largest known virtual currency heists to date. These hackers are associated with the Lazarus Group and APT38, which were sanctioned by the United States in 2019. The United States will continue to pursue actions against mixers laundering virtual currency for criminals and those who assist them. Tornado Cash has reportedly been used to launder billions worth of virtual currency since its creation in 2019. This is the second virtual currency mixer designated by the U.S. Department of the Treasury, following the sanctions imposed on Blender.io in May 2022.

The United States will not hesitate to use its authorities against malicious cyber actors, to expose, disrupt, and promote accountability for perpetrators and enablers of criminal activities.

For more information on today’s actions, please see the Department of the Treasury’s press release.

About Post Author

Suman Munshi

Founder Editor of IBG NEWS (15/Mar/2012- 09/Aug/2018). Recipient of Udar Akash Rokeya Shakhawat Hossain Award 2018. National Geographic & Canon Wild Clicks 2011 jury and public poll winner. Studied Post Graduate Advance Dip in Computer Sc., MBA IT,LIMS (USA & Australia), GxP(USA & UK),BA (Sociology) Dip in Journalism (Ireland), Diploma in Vedic Astrology, Numerology, Palmistry, Vastu Shastra & Feng Sui 25 years in the digital & IT industry with Global MNCs' worked & traveled in USA, UK, Europe, Singapore, Australia, Bangladesh & many other countries. Education and Training advance management and R&D Technology from India, USA, UK, Australia. Over 30 Certification from Global leaders in R&D and Education. Computer Science Teacher, IT & LIMS expert with a wide fan following in his community. General Secretary West Bengal State Committee of All Indian Reporter’s Association
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