mixers
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F05%2Ftornado-cash-green.jpg&w=1536&q=40)
The US government is looking to seriously inhibit people from using and accessing crypto mixing services
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F04%2FED_hacks_20231105a-2.jpg&w=1536&q=40)
This case is a big deal — so big, in fact, that one wonders whether the crypto community fully appreciates its gravity
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F04%2Fdoj-building-1.jpg&w=1536&q=40)
The DOJ charged the CEO and CTO with a count of conspiracy to commit money laundering and a count of conspiracy to operate an unlicensed money transmitting service
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F01%2Fkristin-smith-blockchain-association.jpg&w=1536&q=40)
FinCEN’s proposed rule could stigmatize legitimate crypto activity and drive illicit transactions abroad, Blockchain Association says
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F11%2Fbtc-red.jpg&w=1536&q=40)
Swan’s banking and custodial partners “will no longer service clients who directly interact with bitcoin mixing services” the company told users Friday
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F03%2Fcrypto-mixer.jpg&w=1536&q=40)
The crypto mixer, created in 2017, may have facilitated the laundering of 152,000 BTC, according to Europol
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F01%2Ftornado.jpg&w=1536&q=40)
“Anyone considering interacting with the Tornado Cash wallets should first call a lawyer, and be prepared to hear no,” a partner at law firm Morrison Cohen said
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F10%2Fmichel.jpg&w=1536&q=40)
Blockworks exclusive: A final draft of incoming EU regulation reveals bloc regulators are increasingly concerned about crypto privacy
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F08%2FTornado-Cash-1-2.png&w=1536&q=40)
OFAC also addressed “dust attacks,” or instances where a very small amount of cryptocurrency that touched Tornado Cash results in blocked wallets or accounts, in Tuesday’s clarifications
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F08%2FTornado-Cash-1-3.png&w=1536&q=40)
The Treasury Department alleges North Korea-backed hacking organization Lazarus Group used Tornado Cash to launder more than $455 million in stolen crypto
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F08%2FTornado-Cash-1-2.png&w=1536&q=40)
In its first on-chain DeFi protocol sanction, the US Treasury Department added Tornado Cash to its blocked list
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F04%2Fcrypto-mixers.jpg&w=1536&q=40)
Chainalysis report shows huge volume of funds moving to these services from sanctioned entities
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F04%2Fcrypto-mixers.jpg&w=1536&q=40)
In its first sanction against a crypto mixing service, the Treasury targets Blender.io, which it says was used in the Ronin Network breach
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F04%2Fcrypto-mixers.jpg&w=1536&q=40)
Using mixers is becoming increasingly risky and not always effective for criminals, Chainalysis executive says
Get the daily newsletter that helps thousands of investors understand the markets.