In the week following the sanctioning of the Tornado Cash website by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), the price of the token underpinning the system is down 56%, starting the week at a high of $31.56 and ending the week at a low of $13.09, according to CoinMarketCap. Tornado Cash …
Tornado Cash Ethereum Token Down Over 50% After Sanctions Read More »
According to a senior Treasury official, Tornado Cash has reportedly laundered more than $7 billion in virtual currency since its launch in 2019, including $455 million from the Lazarus Group, a North Korean state-sponsored hacking group. It was also used as recently as last week to launder money from a “heist” of Nomad, a US …
Seven Iranians say used Binance for crypto after U.S. reimposed Iran sanctionsWeak background checks, deep liquidity drew Iranians to Binance, traders sayNews of Iranian trading on Binance could draw U.S. regulatory scrutiny, lawyers sayLONDON, July 11 (Reuters) – The world’s largest crypto exchange, Binance, continued to process trades by clients in Iran despite U.S. sanctions …
Binance served crypto traders in Iran despite U.S. sanctions, clients say Read More »