US Treasury Department Updates Sanctions Against Tornado Cash

The United States Treasury Department's Office of Foreign Assets Control (OFAC) updated sanctions against Tornado Cash on 8 November. This development was highlighted in the official press release titled 'Treasury Designates DPRK Weapons Representatives'.

It also named two individuals involved in “transportation and procurement activities” for the Democratic People’s Republic of Korea in the Specially Designated Nationals list and Blocked Persons (SDN).

Following the US Treasury Department's sanctions, the number of unique users on Tornado Cash has declined to significantly low levels.