By Maya Lester QC & Michael O’Kane

OFAC designates virtual currency mixer Tornado Cash

OFAC has designated virtual currency mixer Tornado Cash pursuant to Executive Order (E.O.) 13694, as amended. Tornado Cash, which operates on the Ethereum blockchain, is said to have been used to launder over $7 billion worth of virtual currency since its creation in 2019, including over $455 million stolen by the Lazarus Group, $96 million derived from the 24 June …

Cyber-AttacksCyber-Attacks United StatesUnited States

About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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