• September 28, 2023


All the latest cryptocurrency news

Circle Freezes USDC on Tornado Cash Addresses Due to US Sanctions

ByLouis Adams

Aug 10, 2022 #Stablecoin
Reading time: < 1 minute

Circle has just blacklisted the USDC wallet addresses of mixing service Tornado Cash following OFAC sanctions.

According to Etherscan, one of the stablecoin operators has blocked the movement of at least 75,000 USDC.

A division of the US Department of the Treasury placed on August 8 Tornado Cash on the sanctions list. According to the agency, since the creation of the service in 2019, with its help, the attackers have laundered more than $7 billion worth of cryptocurrencies. More than $455 million of them are associated with the activities of the North Korean hacker group Lazarus Group.

The Tornado Cash website is down. However, according to the founder of the service, Roman Semenov, we are talking about a static landing page.