The Treasury Department removed sanctions on Tornado Cash last week after a federal appeals court ruled the agency had exceeded its authority in trying to penalize the company for being used by North Korean hackers seeking to launder funds stolen from cryptocurrency firms. “Core contributors and security engineers are investigating the issue in depth and will provide more information as soon as available,” the company said, adding that each cauldron had been audited by a security company called Guardian. The company did not respond to requests for comment confirming the amount of stolen cryptocurrency but acknowledged the incident in a message on social media. At least one of the blockchain security firms, Slow Mist, said the funds used to initially launch the attack were sourced back to Tornado Cash. The blockchain security company Chainalysis is tracking the stolen funds. Multiple blockchain security firms said 6,260 Ethereum coins were stolen in the attack, valued at about $12.9 million.
This Cyber News was published on therecord.media. Publication date: Tue, 25 Mar 2025 20:20:05 +0000