TORNADO cash Crackdown by US Treasury: What’s going on?
Tornado cash Ethereum mixing protocol has been sanctioned by ofac a department within the us treasury
Now, this has created a whirlwind in the crypto community It’s important to understand exactly what’s going on
Tornado Cash is an Ethereum mixing protocol or Tumblr that allows users to anonymize or mix their eth
It’s been used to launder hundreds of millions in stolen crypto and has been the go-to tool of north Korea’s Lazarus hacking group
It’s illegal for any u.s person to engage in business with these sanctioned entities
To engage in quote trade economic transactions or other dealings with any person company or country on the sdn list and
Any u.s person defined as a city resident or company in the us found to be doing business with a sanctioned entity could see them facing serious consequences.
However, now that tornado cash has been sanctioned it’s important to understand the legal implications that could come from using it