UN sanctions committee showed North Korean hackers laundered $147.5 million in March through Tornado Cash, Reuters reported. The funds were stolen from an attack on the HTX cryptocurrency exchange last year. Tornado Cash co-founder was sentenced to about five years in prison after being convicted of money laundering in the Netherlands. The said funds were stolen from an HTX crypto exchange attack last year.
Also read: US Senators raise grave concerns over DOJ's policies towards cryptocurrency asset providers Tornado Cash is a crypto mixer that anonymizes transactions through a pool that obscures the origin and destination of funds moved within the Ethereum blockchain. Last year, the US charged the founders of Tornado Cash with helping facilitate money laundering worth over $1 billion for criminals, including the North Korean hackers group Lazarus.
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North Korea used Tornado Cash to siphon HTX’s $147.5M loot: UNThe Lazarus Group used Tornado Cash privacy protocol to move funds from a 2023 HTX hack. Developer Alexey Pertsev was sentenced for laundering $1.2 billion on the platform.
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