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This week the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced that it has delisted and redesignated Tornado Cash to record further reasons for the designation...
This week the U.S. Department of the Treasury's Office of
Foreign Assets Control (OFAC) announced that it has delisted and
redesignated Tornado Cash to record further reasons for the
designation, including its role in obfuscating “the movement
of over $455 million stolen in March 2022 by the OFAC-designated,
DPRK-controlled Lazarus Group in the largest known virtual currency
heist to date.” OFAC also issued new guidance “to
provide additional compliance guidance regarding the nature of the
Tornado Cash entity, and updated three existing FAQs with
additional guidance.” According to reports, earlier this
week, based on data from Etherscan, the hacker responsible for the
$28 million hack of Deribit, a major bitcoin and ether options
exchange, transferred over 1,600 ether (~$2.5M) to Tornado
Cash.
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