On Wednesday, the United States formally sanctioned Roman Semenov, co-founder of the virtual currency mixer Tornado Cash. Officials accuse him of helping North Korean hackers launder hundreds of millions in stolen funds.
The Treasury Department coordinated the sanctions with the Justice Department, which indicted Semenov and another Tornado Cash founder for conspiracy to commit money laundering.
Semenov Allegedly Failed to Prevent Lazarus Group From Laundering Funds
According to the Treasury Department’s Wednesday announcement, Semenov learned in April that a public cryptocurrency address connected to Lazarus Group was sending laundered funds through Tornado Cash. Despite this, Semenov continued operating Tornado Cash and did not enact sufficient measures to stop the illicit use.
Learn more about the world’s most infamous crypto mixer: Tornado Cash: Everything You Need To Know
The Treasury Department’s Office of Foreign Assets Control (OFAC) said Tornado Cash has helped North Korean hackers, dubbed the Lazarus Group, obfuscate the source of over $455 million stolen this year.
The Lazarus Group is accused of carrying out massive thefts from blockchain bridges and using
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Author: Josh Adams
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