Virtual Currency Platform ‘Tornado Cash’ Accused of Aiding APTs

SecOperations

U.S. Treasury blocked the business of the virtual currency mixer for laundering more than $7 billion for hackers, including $455 million to help fund North Korea’s missile program.

The U.S. government has slapped sanctions on virtual currency mixer Tornado Cash for laundering more than $7 billion in crypto cash derived from cybercriminal activity. At least $455 million of that was moved for state-sponsored Lazarus Group in part to help fund North Korea’s missile program, officials said.

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) unveiled the action—which basically freezes all of the assets and business of Tornado Cash and prohibits anyone from doing business with the service–on Monday, citing a number of occasions that the service laundered crypto for hackers. The website of the service already has been taken offline and any transaction having to do with the service or anyone affiliated with it is now…

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