Being the money launderer for North Korea’s Lazarus Group comes at a price
Under the sanctions, US citizens or anyone in the United States can no longer do business with Tornado Cash unless given specific approval by the US Office of Foreign Assets Control . In addition, any entities that are directly or indirectly owned 50 percent or more by such people also are blocked., another crypto mixer used by Lazarus and others to launder ill-gotten crypto gains. The Blender sanctions were the first of its kind levied against a crypto mixer.
"Tornado receives a variety of transactions and mixes them together before transmitting them to their individual recipients," the agency said in a statement."While the purported purpose is to increase privacy, mixers like Tornado are commonly used by illicit actors to launder funds, especially those stolen during significant heists."
That includes demanding ransom in cryptocurrencies that can enhance that anonymity – or requiring an additional fee from victims if they pay in a high-profile cryptocurrency like Bitcoin – and have the funds sent to virtual asset service providers – usually in foreign countries – like exchanges.
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