The U.S. Treasury has lifted sanctions on Tornado Cash, a cryptocurrency mixer. This follows a legal battle and accusations that it was used to launder billions in stolen crypto. The decision doesn't change concerns about North Korea's use of crypto for funding its weapons program.
- Tornado Cash was accused of laundering $7 billion in stolen crypto.
- US sanctions previously made it illegal for Americans to use Tornado Cash.
- The Treasury's decision was made after a legal challenge.
- North Korea continues to be a concern for its use of crypto in illegal activities.
| Item | Details |
|---|---|
| Sanctions | Lifted |
| Stolen Crypto | ~$7 billion |
| Accused Actors | Tornado Cash & North Korea |
