U.S. Government Removes Tornado Cash Sanctions
Tornado Cash was sanctioned multiple times over allegations of helping Lazarus Group launder funds.
The U.S. Treasury Department's sanctions watchdog removed Tornado Cash from its global blacklist Friday.
The crypto mixing tool has been accused of helping North Korea's Lazarus Group launder stolen funds from its various hacks and thefts, and the U.S. Treasury Department's Office of Foreign Asset Control sanctioned it — meaning no U.S. person or anyone doing business with the U.S. could engage with it financially — multiple times. However, a federal appeals court ruled last November that OFAC couldn't sanction Tornado Cash's smart contracts because they weren't the "property" of any foreign national.
