US removes sanctions against Russian crypto service facilitating sanctions circumvention
www.pravda.com.ua
Sat, 22 Mar 2025 17:51:06 +0200

The US Office of Foreign Assets Control OFAC has removed the Tornado Cash crypto service from the list of sanctioned entities and eased sanctions against its Russian founder.
Source OFAC in a statement on its website Details The OFAC noted that Tornado Cash has been removed from the Specially Designated Nationals SDN list.
This list contains individuals and entities that are blocked under various sanctions programmes.
Ukrainian news outlet Liga.net reported that Tornado Cash is an Ethereumbased cryptocurrency mixing service.
In August 2022, the US Department of the Treasury added Tornado Cash to the SDN list, accusing it of laundering more than US7 billion, including US455 million stolen by the North Korean hacker group Lazarus.
The cryptocurrency service was founded by Roman Semenov, a Russian national wanted by the FBI for money laundering.
The FBI reported that Semenov and his associates, who operate the Tornado Cash service, likely facilitated hundreds of millions of dollars in sanctionsviolating transactions by helping the Lazarus Group transfer criminal proceeds from a cryptocurrency wallet designated as blocked property by the OFAC.
Semenov remains on the US sanctions list under measures targeting North Korea but has been removed from the list of persons engaged in significant malicious cyber activity.
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