sanctions

Tornado Cash: US Treasury sanctions cryptocurrency ‘mixer’ allegedly used by North Korea for money laundering

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 …

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Binance served crypto traders in Iran despite U.S. sanctions, clients say

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 …

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