Menu Home

State Department Statement on Tornado Cash designation by OFAC

Imposing Sanctions on Virtual Currency Mixer Tornado Cash

PRESS STATEMENT

ANTONY J. BLINKEN, SECRETARY OF STATE

AUGUST 8, 2022

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.

Link:

State Department Press Release

Categories: Cyber sanctions OFAC Updates State Department Updates

eric9to5

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: