The US has imposed sanctions on a crypto “mixing service” that it alleges laundered more than $7bn over the past three years and helped North Korean state hackers evade US penalties.
The Treasury department said on Monday that Tornado Cash was regularly used by malicious cyber actors since it was founded in 2019.
The total allegedly laundered includes $455mn taken by state-sponsored North Korean hackers Lazarus Group in March, as well as $96mn from June’s hack of Harmony Horizon Bridge.
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