The US Treasury Monitoring removed Tornado Cash monitors from its global black list on Friday.
The encryption mixing tool was accused of the help of the Lazaros Group in North Korea to launder money from various breaches and thefts, and the US Treasury Office for Foreign Asset Control – no American or anyone can deal with the United States with the United States – several times. However, the Federal Court of Appeal last November ruled that OFAC could not punish smart contracts from Tornado Cash because it was not “property” for any foreign citizen.
A press release from the US Treasury said: “We still feel very anxious about the campaign of penetration and laundering the important funds sponsored by the state, which aims to steal, gain and spread the digital assets of the Democratic Republic of Korea (DPRK) and the Kim regime.”
Roman Storm, one of the founders of Tornado Cash, faces a criminal trial in July for his alleged role in developing smart contracts and protocols. Another developer has been accused, but he has not yet been arrested.
The broken code jumped 40 % in the minutes that followed the cabinet statement.
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