US scraps sanctions on Tornado Cash, crypto ‘mixer’ accused of laundering North Korea money

Quick Summary:

Treasury on Friday lifted economic sanctions against Tornado Cash, a firm that makes cryptocurrency transactions harder to track, which the Biden administration had accused of helping launder more than $7 billion for North Korean and other cyber hackers.

One, Roman Storm, awaits trial and has denied engaging in criminal activity.

Treasury building in Washington, U.S., January 20, 2023.The U.S.

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Article Details

Category: EconomyBusiness

Markets: SingaporeNorth KoreaNetherlandsOman

Topics: Cryptocurrency Treasury Tornado Department Cash Sanctions 2023 Laundering Money North Transactions

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-22 @ 00:15:48 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 412 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 27222957

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 41 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 3 hours ago

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Ownership: Independent Company

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Publisher ID: #27

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