'When you develop a reputation as the go-to obfuscation technique, the go-to mixing service for North Korea cybercriminals, I think you put yourself in the crosshairs of [USTreasury's] OFAC,' trmlabs' head of legal ARedbord says of Tornado Cash. More:
The Treasury Department has banned all Americans from using decentralized crypto-mixing service Tornado Cash.
TRM Labs analysis shows North Korean cybercriminals used the service to launder funds in all 10 of their most recent heists, including the $620 million Ronin Bridge hack. TRM Labs Head of Legal and Government Affairs Ari Redbord explains why this is a “watershed moment” for crypto.
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