The #news comes shortly after the United States Treasury Department placed dozens of Tornado Cash addresses on the sanctions list of the Office of Foreign Asset Control (OFAC) on Aug. 8. Circle, a major #cryptocurrency firm and the issuer of USD Coin (USDC),

“These #included funds stolen through hacks by a group believed to be associated with North Korea. Tornado Cash started in 2019 and according to FACT it has since achieved a turnover of at least seven billion dollars,” the #announcement notes.

According to the FACT, Tornado Cash has allegedly been used to conceal large-scale #criminal money flows, including crypto hacks and #scams.