U.S. Treasury’s Crypto Comedy: Tornado Cash Sanctions Vanish Amidst North Korean Drama
The U.S. Treasury has decided to lift its sanctions on the crypto mixer Tornado Cash, previously accused of being North Korea’s digital piggy bank. While Tornado Cash may be off the naughty list, its founders still face charges that could lead to a full decade of thinking about their choices.
Hot Take:
**_Well, folks, looks like the U.S. Treasury has decided to play nice cop with the crypto world by lifting sanctions against Tornado Cash. Guess they figured if you can’t beat ’em, at least you can unfreeze their assets! But hey, let’s hope this doesn’t turn into a plot twist where North Korea’s Lazarus Group starts sending thank-you notes to Uncle Sam._**
Key Points:
– The U.S. Treasury has lifted sanctions on Tornado Cash, a crypto mixer linked to North Korea’s infamous Lazarus Group.
– Tornado Cash was previously tied to laundering over $7 billion, including large sums from notorious cyber heists.
– The Treasury emphasizes its ongoing commitment to countering North Korean cyber threats despite the sanction lift.
– Founders of Tornado Cash face serious legal charges and potential prison time for their roles in money laundering.
– The Treasury’s removal of over 100 Ethereum wallet addresses from the SDN list underscores evolving policies in the crypto sphere.