US issues sanctions on a 2nd virtual currency mixing firm

US issues sanctions on a 2nd virtual currency mixing firm

2 years ago
Anonymous $33nAR-2OaA

https://apnews.com/2d9019743eb6fdebc2a776ec275c8291

WASHINGTON (AP) — The Treasury Department has imposed sanctions on virtual currency mixer Tornado Cash, which has allegedly helped to launder more than $7 billion worth of virtual currency since its creation in 2019.

Treasury’s Office of Foreign Assets Control says Tornado Cash's systems were used to launder more than $96 million drawn from the June Harmony blockchain bridge theft and August Nomad crypto firm heist.