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.
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.
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.
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.
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.
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.
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.
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
Crypto.com’s Stolen Ether Being Laundered via Tornado Cash
The $15 million in ether (4,600 ETH) stolen from Singapore-based Crypto.com is currently being laundered via Tornado Cash, an ETH mixing protocol, according to on-chain data. "The Hash" team discusses the latest hacking victim of 2022 and the revelations about the potential role of money laundering in mixing services.
Developers of Ethereum Privacy Tool Tornado Cash Smash Their Keys
Developers of ether mixer Tornado Cash have destroyed their admin keys, turning the privacy tool into permissionless code.
