Tornado Cash


Policy

US Secretary of State Tweets, Deletes Claim That Crypto Mixer Tornado Cash Is North Korea-Sponsored

One hour and three minutes later, Anthony Blinken tweeted what the Treasury Department actually alleges: Tornado Cash was only used by a DPRK-sponsored group.

U.S. Secretary of State Antony Blinken (Spencer Platt/Getty Images)

Policy

US Government Amps Up Inevitable Clash With Crypto Privacy in Tornado Cash Blacklisting

The Treasury Department says Tornado Cash abetted laundering of $7 billion, but that’s not likely to quiet crypto enthusiasts as they fight to stay anonymous.

Tornado Cash co-founder Roman Semenov (Roman Semenov)

Videos

Americans Banned From Using Crypto-Mixing Service Tornado Cash

The U.S. Treasury Department banned all Americans from using decentralized crypto mixing service Tornado Cash on Monday. The department barred its use by U.S. persons as a matter of national security because North Korean hackers allegedly use the mixer to launder stolen crypto funds. “The Hash” panel discusses what this means for online privacy in the crypto space.

Recent Videos

Policy

Crypto-Mixing Service Tornado Cash Blacklisted by US Treasury

The department barred its use by U.S. persons as a matter of national security because North Korean hackers allegedly use the mixer to launder stolen crypto funds.

(Shutterstock)

Videos

North Korea’s ‘Lazarus’ Hackers Allegedly Behind Ronin Network Exploit

The U.S. Treasury Department alleged that North Korean state-linked hacking group “Lazarus” is tied to last month’s over $600 million theft from Axie Infinity’s Ronin bridge. “The Hash” group discusses efforts made by the Office of Foreign Assets Control (OFAC) to sanction associated wallets and the use of decentralized mixers like Tornado Cash for laundering ill-gotten funds. 

Recent Videos

Videos

FBI Links North Korea to Axie Infinity Hack

CoinDesk Deputy Business Editor Danny Nelson broke the story that the more than $600 million exploit of Axie Infinity’s Ronin network was orchestrated by North Korea’s elite “Lazarus” hacker group.

CoinDesk placeholder image

Tech

Sanctioned Crypto Wallet Linked to North Korean Hackers Keeps Laundering

It’s a game of wallet whack-a-mole despite Tornado Cash’s efforts. For now, the hackers appear to be winning.

(Eric Lafforgue/Art In All Of Us/Corbis via Getty Images)

Tech

Tornado Cash Adds Chainalysis Tool for Blocking OFAC-Sanctioned Wallets From Dapp

The blockade only applies to the Tornado Cash front end, not the underlying smart contract, one of the protocol's founders later tweeted.

Coin mixer Tornado Cash announced a nod toward compliance on Friday. (Espen Bierud/Unsplash)

Tech

Thousands of Ether From Ronin Exploit Moved to Tornado Cash, Data Show

More than 2,001 ether were moved Monday from addresses connected to the $625 million exploit, with about 70% passing to the privacy tool in the early hours, on-chain data show.

Hacker (Getty/Seksan Mongkhonkhamsao)

Finance

Hackers Behind AscendEX Breach Move $1.5M Ether to Uniswap

Security research firm PeckShield points to on-chain data that shows 516 ether is on the move

Hackers, data