The United States raises sanctions on Tornado Cash, a encryption mixer linked to money laundering in North Korea

US Treasury officials lifted sanctions on Tornado Cash, a coding mixer mentioned by the United States government, which has already been used to wash $ 7 billion from the blades stolen by North Korean infiltrators.

in statementThe Treasury said that it “practiced our estimated power” to calculate the hurricane funds after a Legal battle. Penalties make it illegal For Americans or American companies to deal with a listed entity.

The encryption mixers allow customers to hide where the encryption came from, including contaminated or illegal money, by mixing money with another encryption.

In 2022, the Treasury Hurricane funds accused “notorious” From the stolen encryption of North Korea’s breaches, which aims to steal the encryption to finance the nuclear weapons program. In August 2023, the founders of Tornado Cash was Criminal accusation In a federal court in New York, he is accused of conspiracy to launder money violations and penalties.

The Treasury said in the wake of its removal from Tornado Cash that it is still “very concerned” about the threat of cryptocurrencies from the North Korean regime.