“Tornado Cash has been the go-to mixer for cyber criminals looking to launder the proceeds of crime, as well as helping to enable hackers, including those currently under U.S. sanctions, to launder the proceeds of their cyber crimes by obfuscating the origin and transfer of this illicit virtual currency,” a senior Treasury official said. “Since its creation back in 2019, Tornado Cash has reportedly laundered more than $7 billion worth of virtual currency.”
Source: https://www.coindesk.com/policy/2022/08/08/crypto-mixing-service-tornado-cash-blacklisted-by-us-treasury/?utm_medium=referral&utm_source=rss&utm_campaign=headlines