US Treasury sanctions Tornado Cash, accused of laundering stolen crypto

US Treasury sanctions Tornado Cash, accused of laundering stolen crypto

2 years ago
Anonymous $33nAR-2OaA

https://techcrunch.com/2022/08/08/treasury-tornado-cash-laundering-stolen-crypto/

The U.S. has sanctioned decentralized cryptocurrency mixing service Tornado Cash for its role in enabling billions of dollars worth of cryptocurrency to be laundered through its platform.

Tornado Cash, along with other mixers such as AlphaBay, enables customers to conceal the source of their crypto funds when participating in a transaction in exchange for a fee. It blends potentially identifiable or tainted cryptocurrency funds with others to obfuscate the source and destination of crypto assets