The U.S. Treasury Department has re-designated Tornado Cash as a sanctioned entity due to North Korea's money laundering issues
ChainCatcher news, according to CoinDesk, the U.S. Treasury is "redesignating" Tornado Cash as a sanctioned entity, accusing North Korea of laundering over $100 million in cryptocurrency through Tornado Cash to support its weapons of mass destruction programs, including the development of ballistic missiles. Additionally, OFAC stated that Tornado Cash is defined as an entity under the executive order governing sanctions.Earlier in August, the U.S. Treasury first listed Tornado.Cash on the sanctions list. (Source link)
