{"id":508016,"date":"2022-11-09T00:55:00","date_gmt":"2022-11-08T21:55:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/us-treasury-redesignates-tornado-cash-sanctions-citing-north-korea-nuclear-weapons-program\/"},"modified":"2022-11-09T00:55:00","modified_gmt":"2022-11-08T21:55:00","slug":"us-treasury-redesignates-tornado-cash-sanctions-citing-north-korea-nuclear-weapons-program","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/us-treasury-redesignates-tornado-cash-sanctions-citing-north-korea-nuclear-weapons-program\/","title":{"rendered":"# US Treasury redesignates Tornado Cash sanctions, citing North Korea nuclear weapons program"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a23fdf480e10\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a23fdf480e10\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/us-treasury-redesignates-tornado-cash-sanctions-citing-north-korea-nuclear-weapons-program\/#%E2%80%9D_US_Treasury_redesignates_Tornado_Cash_sanctions_citing_North_Korea_nuclear_weapons_program_%E2%80%9C\" >&#8221; US Treasury redesignates Tornado Cash sanctions, citing North Korea nuclear weapons program &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_US_Treasury_redesignates_Tornado_Cash_sanctions_citing_North_Korea_nuclear_weapons_program_%E2%80%9C\"><\/span>&#8221; US Treasury redesignates Tornado Cash sanctions, citing North Korea nuclear weapons program &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvNGY2MzgxODktNGVjZS00ZTg0LThiODYtMWI2MDkzMGIyMjM1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4b69a2fe>The United States Treasury Department&#8217;s Office of Foreign Asset Control, or OFAC, has amended the sanctions on cryptocurrency mixer Tornado Cash in addition to including two individuals involved in \u201ctransportation and procurement activities\u201d for the Democratic People\u2019s Republic of Korea in its list of Specially Designated Nationals.<\/p>\n<p>In a Nov. 8 announcement, the Department of the Treasury <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/home.treasury.gov\/news\/press-releases\/jy1087\">said<\/a> it had \u201cdelisted and simultaneously redesignated\u201d Tornado Cash in addition to taking into account activities conducted by North Korean nationals Ri Sok and Yan Zhiyong in its basis for sanctions. The government department reiterated its claims that the crypto mixer was involved in laundering $455 million in crypto stolen by the North Korea-affiliated Lazarus Group.<\/p>\n<p>The redesignation of Tornado Cash essentially replaces Treasury\u2019s actions against the crypto mixer in August, establishing sanctions for its role in \u201cenabling malicious cyber activities, which ultimately support the DPRK\u2019s [weapons of mass destruction] program.\u201c The original sanctions included the Lazarus Group, but did not show connections with North Korea\u2019s nuclear program.<\/p>\n<p>\u201cToday\u2019s sanctions action targets two key nodes of the DPRK\u2019s weapons programs: its increasing reliance on illicit activities, including cybercrime, to generate revenue, and its ability to procure and transport goods in support of weapons of mass destruction and ballistic missile programs,\u201d said Brian Nelson, Under Secretary of the Treasury for terrorism and financial intelligence.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Deribit hackers move stolen Ether to Tornado Cash crypto mixer<\/em><\/strong><\/p>\n<p>Many in the crypto space have been involved in lawsuits against the U.S. Treasury following the sanctions against the mixer. A group of investors backed by U.S.-base crypto exchange Coinbase took legal action in September, claiming that Treasury\u2019s sanctions of 44 USD Coin (USDC) and Ether (ETH) addresses connected to Tornado Cash were &#8220;not in accordance with law.&#8221; Crypto advocacy group Coin Center also filed a lawsuit against the government department in October, saying the mixer was a \u201cprivacy tool beyond the control of anyone.\u201d<\/p>\n<p>North Korea <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2022\/11\/02\/world\/asia\/north-korea-missile-japan.html\">fired<\/a> several missiles over northern Japan in the last month, though none impacted the island nation or directly caused any casualties. The United States has 7 bases for different military branches on Japan\u2019s mainland. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/us-treasury-redesignates-tornado-cash-sanctions-citing-north-korea-nuclear-weapons-program\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; US Treasury redesignates Tornado Cash sanctions, citing North Korea nuclear weapons program &#8220; The United States Treasury Department&#8217;s Office of Foreign Asset Control, or OFAC, has amended the sanctions on cryptocurrency mixer Tornado Cash in addition to including two individuals involved in \u201ctransportation and procurement activities\u201d for the Democratic People\u2019s Republic of Korea in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":508017,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvNGY2MzgxODktNGVjZS00ZTg0LThiODYtMWI2MDkzMGIyMjM1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,27926,70934,71523,67874],"class_list":["post-508016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-north-korea","tag-regulation","tag-sanctions","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/508016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=508016"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/508016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/508017"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=508016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=508016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=508016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}