Tagged: mixer

Coinbase to Fund Lawsuit Challenging Tornado Cash Sanctions by US Department of Treasury

Last month, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) applied sanctions to Tornado Cash, a crypto mixing platform. The second sanctions hitting a mixer, the enforcement action is still the first of its kind as the code running Tornado.cash was open… Read More

Congressman Tom Emmer Criticizes Tornado.Cash Sanctions, Sends Letter to Treasury Secretary Yellen

  The sanctioning of open source crypto mixer Tornado.cash has generated much scrutiny and questions about the legality of a governmental entity punishing code. On August 8th, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against the crypto mixer, citing occurrences… Read More

Tornado.Cash Site Down, Reports of an Arrest in the Netherlands

Earlier this week, the US Department of Treasury, Office of Foreign Assets Control (OFAC), sanctioned crypto mixer Tornado Cash. OFAC claims that Tornado has been utilized by North Korea and its “malicious cyber activities and money-laundering of stolen virtual currency.” Interestingly, Tornado received some support… Read More

Coin Center Defends Tornado Cash: A Smart Contract is a Robot Not a Person

As was earlier covered, the US Department of Treasury, via the Office of Foreign Assets Control (OFAC) has sanctioned crypto mixer Tornado Cash.  Mixers are used to boost the privacy of crypto transacts but may also be used to obfuscate nefarious activity. Coin Center, a… Read More

US Department of Treasury Targets Another Crypto Mixer as Tornado.Cash Gets Sanctioned

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has targeted another crypto mixer by sanctioning Tornado Cash. Most recently, in May, OFAC sanctioned Blender.io, a mixer that is said to be utilized by North Korea  for its “malicious cyber activities and… Read More

FinCEN Targets Bitcoin Mixer with $60 Million Penalty Pertaining to Money Laundering

The Financial Crimes Enforcement Network (FinCEN) has targeted Larry Dean Harmon, of Akron, Ohio, the founder of Helix and Coin Ninja in a first enforcement action targeting a crypto mixer. In a release, FinCEN said Harmon and his operations were assessed a $60 million civil… Read More

Anonymizing Service Bitcoin Blender Voluntarily Shuts Down

Following the forced closure last week of Bestmixer.io, another cryptocurrency mixing service, Bitcoin Blender, has voluntarily left the fray, Bleeping Computer reports. The service reportedly shut down quickly this week after posting a short announcement on its Tor-hosted website ordering customers to withdraw their funds…. Read More

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