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Cyber Attackers Seize Control of Sanctioned Crypto Mixer Tornado Cash
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blockchain.newsTornado Cash, a fully decentralized and open-source cryptocurrency mixer operating on Ethereum-based networks, has been subjected to a malicious takeover.
This comes as another significant blow to the platform following its troubled history with regulatory authorities. On August 8, 2022, the U.S.
Department of the Treasury issued sanctions against Tornado Cash. The platform was accused of routinely enabling money laundering for harmful cyber actors due to its alleged lack of adequate controls.
This led to its use being deemed illegal for U.S. citizens, residents, and firms. Subsequently, the project's website domain and GitHub accounts were suspended, and one of the developers was arrested.
Read more on blockchain.newsAbout this in other media
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