Despite political fallout and strong crypto industry pushback, Treasury is doubling down on its sanction of Ethereum mixer Tornado Cash, going DefCon 1 by invoking the threat of the North Koreans and their nuclear program. The U.S. Treasury Department’s Office of Foreign Assets Control "redesignated" Tornado Cash as a “sanctioned entity,” claiming that North Korea employed the software in funding its nuclear weapons program. This comes after OFAC added Tornado Cash and associated addresses to its universal sanctions list, the List of Specially Designated Nationals and Blocked Persons (SDN), which is normally reserved for rogue nations, terrorist masterminds, “enemy” oligarchs and drug kingpins.
Treasury, OFAC Double Down on Tornado Cash
Treasury, OFAC Double Down on Tornado Cash
Treasury, OFAC Double Down on Tornado Cash
Despite political fallout and strong crypto industry pushback, Treasury is doubling down on its sanction of Ethereum mixer Tornado Cash, going DefCon 1 by invoking the threat of the North Koreans and their nuclear program. The U.S. Treasury Department’s Office of Foreign Assets Control "redesignated" Tornado Cash as a “sanctioned entity,” claiming that North Korea employed the software in funding its nuclear weapons program. This comes after OFAC added Tornado Cash and associated addresses to its universal sanctions list, the List of Specially Designated Nationals and Blocked Persons (SDN), which is normally reserved for rogue nations, terrorist masterminds, “enemy” oligarchs and drug kingpins.