US Court Cancels Sanctions on Crypto Mixer Linked to N. Korea Hack
A federal appeals court has ruled that the US Treasury Department exceeded its authority by sanctioning cryptocurrency mixer Tornado Cash after a North Korean hacking group used the software to launder more than $455 million. A three-judge panel of the Court of Appeals sided with six users of crypto-mixing services who argued that the software […]
This time the US is targeting North Korea’s military financing
On Wednesday last week, the United States announced sanctions against six individuals and two entities based in Russia, China and the United Arab Emirates for funneling funds to North Korea’s weapons programs. The US Treasury Department and the South Korean Foreign Ministry said in a statement that this step was taken in coordination between the […]
OFAC issues updated Advisory on ransomware payments risks
Recently issued OFAC advisory informs about the sanctions-related risks of the growing threat of ransomware payments.