.USTreasury has added TornadoCash to the sanction list
by the U.S. Department of Treasury, according to a Monday announcement. A slew of associated cryptocurrency addresses have been also added to the blacklist.
The move shows that American authorities are determined to after different parts of the crypto supply chain that are used for nefarious activities. In May, the U.S. government sanctioned Blender, another coin mixing service, for allegedly helping North Korea launder some of the funds stolen from Axie Infinity.In March, one of the founders of Tornado Cash opined that it was “technically impossible” to enforce sanctions against the controversial coin mixer.
After gaining significant popularity, the decentralized coin mixer became the go-to tool for covering the tracks of nefarious actors. According to U.S. officials, more than $7 billion worth of digital assets has been laundered with the help of Tornado Cash since 2019. The mixing service was used by Lazarous Group, a North Korea-run hacking collective, for laundering hundreds of millions of dollars worth of funds pilfered from Axie Infinity, Harmony and Nomad earlier this year.
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