Comment on North Korea has laundered $1 billion in crypto via Tornado Cash - and the US Treasury just slammed the platform with sanctions

North Korea has laundered $1 billion in crypto via Tornado Cash - and the US Treasury just slammed the platform with sanctions

North Korean leader Kim Jong Un.REUTERS/KCNA The US Treasury sanctioned Tornado Cash, a cryptocurrency platform used by criminals for obscuring origins of funds. As of Monday, all US entities or persons are barred from using Tornado Cash. North Korea cyber-criminals have laundered $1 billion in crypto through this platform, TRM Labs said.

 

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