The well-known Ethereum mixer service Tornado Cash (TORN) will block wallet addresses sanctioned by the US Treasury Department in the future.
- Ethereum (ETH) mixer Tornado Cash (TORN) will block crypto wallet addresses that are on the US Office of Foreign Assets Control (OFAC) list in the future.
- The news comes shortly after the US Treasury Department added an Ethereum address linked to the Ronin hack to its sanctions list.
- According to the U.S. Treasury Department, this wallet address is attributed to the North Korean hacking group Lazarus.
- It would not be the first hack attributed to Lazarus. Chainalysis, a company specializing in blockchain analytics, estimates that the group captured around $400 million as early as 2021.
- Roman Semenov, co-founder of Tornado Cash, said the change is being implemented on the front end, directly at the decentralized application (dapp) level.
- Tornado Cash now also uses the Chainalysis oracle for this purpose – a smartcontract that validates whether a crypto wallet address is on the OFAC sanctions list.
- Ethereum wallet addresses blacklisted by OFAC will no longer be able to abuse Tornado Cash’s mixer for origin obfuscation in the future, according to a tweet from Tornado Cash.
Picture by Pexels
TheBitcoinNews.com – Bitcoin News source since June 2011 –
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise