Sinbad coin mixer sanctioned and taken down by global authorities
Sinbad.io, a key money laundering tool for North Korean hacker Lazarus Group, had its website seized by U.S. authorities and is now facing sanctions over alleged coin mixing services.
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US Treasury Deputy says department seeks more authority to fight digital asset crime
As the U.S. untangles digital asset scandals and brings 'crypto' crooks to justice, the Treasury Department is looking to enhance its power to further crack down on illicit activity in the space.
US Treasury cracks down on coin mixing
The move was announced by the Financial Crimes Enforcement Network, identifying coin mixing operations as “a class of transactions of primary money laundering concern.”
North Korean hackers, fake pizza guys out to steal your tokens
A state-sponsored North Korea hacking group reportedly broke into the systems of JumpCloud, a Colorado-based IT management firm that helps network administrators manage devices and servers, according to Reuters.
Tornado Cash users argue DAOs not capable of being subject to sanctions
Plaintiffs claimed that the description of Tornado Cash was inconsistent and that the sanctioned "property" slammed by the OFAC amounts to nothing more than smart contracts.
Tornado Cash coin mixer’s governance lets its guard down, loses control
An unidentified attacker has assumed control of the Tornado Cash DAO governance after tricking users into approving a proposal that contained malicious code.
Biden’s head of crypto enforcement pledges crackdown on Cryptocrime
Eun Young Choi of the U.S. Department of Justice, says she will not consider a VASP’s size in her efforts, a thinly-veiled pledge to go after Binance which some claim is too big to fail.
Coin mixer ChipMixer taken down by global authorities
Europol has announced a joint operation between German and U.S. authorities to take down ChipMixer, which authorities allege has been used to launder EUR 2.73 billion in digital assets.
OFAC: Tornado Cash linked to North Korean nukes
Months after being put on the SDN list, OFAC announced that Tornado Cash is linked to North Korea's nuke program in an effort to stomp Pyongyang's illegal weapons advancements.
US looks to beef up Russia sanctions via crypto mixer crackdown
The U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing on tightening rules on Russia, with chair Sherrod Brown (D-OH) referencing the need to enforce "economic sanctions."
Publishing Tornado Cash code does not violate sanctions: US Treasury
The U.S. Department of Treasury has clarified that visiting the Tornado Cash website, copying its open source code, or making it available online or in print would not violate sanctions.
Coinbase funding Tornado Cash users’ lawsuit against US Treasury Department
Coinbase's Chief Legal Officer Paul Grewal said the sanctions "set a dangerous precedent" and claims it will have a chilling effect on software development.