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Tornado Cash Removed From US Treasury’s OFAC Sanctions Roster

  • Tornado Cash, a cryptocurrency mixer accused of facilitating the laundering of stolen funds by North Korean state hackers, has been removed from the US sanctions list.
  • This follows a court ruling in November that found the US Treasury Department exceeded its authority in imposing sanctions on the platform.
  • The Treasury Department acknowledged the court's ruling and dropped the sanctions against Tornado Cash.
  • Despite the lifting of sanctions, Tornado Cash operations continue, and North Korean hackers still use the platform to launder significant amounts of stolen cryptocurrency.

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