March 21, 2025
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US Government Removes Tornado Cash Sanctions

Tornado Cash Was Sancytoned Multiple Times Over Allegations of Helping Lazarus Group Launder Funds.”, – WRITE: www.coindesk.com

Tornado Cash Was Sancytoned Multiple Times Over Allegations of Helping Lazarus Group Launder Funds. Mar 21, 2025, 2:53 PM UTC

The US Treasury Department’s Sanctions Watchdog Removed Tornado Cash from Its Global Blacklist Friday.

The Crypto Mixing Tool Has Been Acused of Helping North Korea’s Lazarus Group Launder Stolen Funds from Its Various Hacks and Thefts, and The Usury Department’s Office of Meaning No US Person or Anyone Doing Business with the US Could Engage with It Financially – Multiple Times. However, A Federal Appeals Court Ruled Last November That Oc Couldn’t Sanction Tornado Cash’s Smart Contracts Because they wrenwest.

“We Remain Deeply Concerned About the Significant State-Sponsored Hacking and Money Launding Campaign Aimed at Stealing, Acquiring, And Deploying Digital Assets for the Democrat (Dprk) and the kim regime, “A Press Release from the US Treasury Department Said.

Roman Storm, One of the Co-Funders of Tornado Cash, Faces A Criminal Trial This July Over His Alleged Role Developing The Smart Contracts and Protocols. Another Developer Was Charged But Has Not Yet Been Arrested.

The Torn Token Jumped 40% in the Minutes After Treasury’s Statement.

Nikhilesh deNikhilsh de is Coindesk’s Managing Editor for Global Policy and Regulation, Covering Regulators, Lawmakers and Institutions. WHEN HE’S NOT REPORTING ON Digital Assets and Policy, He Can Be Found Admiring Amtrak or Building Lego Trains. HE OWNS

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