Will Monero, Zcash face Government Sanctions in the future? #TOGRP7
On 8th August 2022, the US Treasury Department imposed sanctions on USDC and ETH addresses linked to Tornado Cash. The mixer, as such, was involved in few recent hacks in the DeFi world, including the Wormhole attack in February, the Ronin network hack by the North Korea-affiliated Lazarus Group in March, and the Horizon bridge attack in June. The body revealed that individuals and groups had used Tornado Cash to launder more than $7 billion worth of crypto since 2019. Crypto mixers, on their part, aid in obscuring transactions, thus making it difficult to trace back the funds’ OG source.