US Issues Sanctions Against Second Virtual Currency Mixing Company | app

WASHINGTON (AP) — The Treasury Department has imposed sanctions on virtual currency mixer Tornado Cash, which has allegedly helped launder more than $7 billion in virtual currency since its inception in 2019.

The Treasury’s Office of Foreign Assets Control said Tornado Cash’s systems were used to launder more than $96 million from June’s Harmony blockchain bridge robbery and August’s Nomad crypto heist.

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