The U.S. Treasury Department is asserting that North Korea has utilized the cryptocurrency mixing service to promote its weapons of mass destruction (WMD) program by “redesignating” Tornado Cash as an authorized organization. The Office of Foreign Asset Control (OFAC) of the Treasury Department announced yesterday that it would stop selling and reassign Tornado Cash, a security tool that pools payments to obscure senders and receivers, in response to claims that North Korea has used Tornado Cash to transfer over $100 million in cryptocurrency to fund its WMD program, which comprises the creation of ballistic missiles. OFAC To Impose Sanctions on The post OFAC Raises Tornado Cash Sanctions With North Korea WMD Claims appeared first on Cryptoknowmics-Crypto News and Media Platform .
