What is Crypto Mixers?
The mixers are crucial elements for threat actors that use it for money laundering, the mixer was used in laundering the funds stolen from victims.
As per OFAC, cybercriminals used Tornado Cash to launder more than $7 Billion worth of virtual currency, which was created in 2019. The Lazarus APT group laundered more than $455 million money and stole in the biggest ever virtual currency heist to date.
About the attack
It was also used in laundering over $96 million of malicious actors’ funds received from the 24th June 2022 Harmony Bridge Heist and around $7.8 million from Nomad crypto heist recently. The sanction has been taken in accordance with Executive Order (E.O) 13694.
“Today, Treasury is sanctioning Tornado Cash, a virtual currency mixer that launders the proceeds of cybercrimes, including those committed against victims in the United States,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson. “Despite public assurances otherwise, Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a regular basis and without bas
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