A crypto firm has been sanctioned by the Americans for helping folks like North Korea do really bad things

Editors Note: This means that Americans are now barred from using Tornado Cash the cryptocurrency ‘sharing’ firm. Tornado Cash allegedly has been in bed with the North Koreans for quite some time having helped them fund their illegal activities and even their supposed hacking collective that steals from people and governments around the world.

According to CNN, the shadowy crypto firm has laundered more than $7B in such funds since its inception way back in 2019.

“Despite public assurances otherwise, Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a regular basis and without basic measures to address its risks,” Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian Nelson said in a statement. “Treasury will continue to aggressively pursue actions against mixers that launder virtual currency for criminals and those who assist them.”