Topic: Tornado cash and others mixers - page 3. (Read 406 times)
Tornado cash was based in the Netherlands. Chipmixer was based in Vietnam. Both of these countries will comply with whatever the United States wants them to do. Both of these mixers were used by North Korean hackers so they had a big target on their back from U.S. law enforcement. The U.S. was not going to allow these mixers to provide their service to a country that they see as an enemy, allowing them to bypass their sanctions.
All mixers work the same way, why are some in the viewfinder and not others?
Operating a mixing service is not illegal but when they are found to be abused by users to violate the laws will get them to face the consequences. So whatever crypto mixers have broken the guidelines such as it has been used for money laundering purpose can face legal actions.How to know if the holders of such an address have committed illicit activities or not? Can the owner of the mixer know? Is its role to block addresses possibly?
Obviously by tracing and investigating the user database along with the address used in the instance of hack, scam, crime,etc and its connected the dots with a mixer address. Mixing service platform may blacklist the funds incoming from addresses related to hacks. 
All mixers work the same way, why are some in the viewfinder and not others? How to know if the holders of such an address have committed illicit activities or not? Can the owner of the mixer know? Is its role to block addresses possibly?
Here is the actual reason
This is not the first a crypto mixer is sanctioned, blacklisted or shut down completely even in the most recent days the most reputed bitcoin mixer called Chipmixer was shut down by EU and US accusing of money laundering.
Quote
https://www.cnbc.com/2022/08/08/crypto-mixing-service-tornado-cash-blacklisted-by-treasury-department-.html
Crypto mixing service Tornado Cash blacklisted by Treasury Department for alleged use in laundering
The Treasury Department has sanctioned the popular cryptocurrency mixing service Tornado Cash for allegedly helping launder over $7 billion of virtual currency.
The decision means that Americans are banned from using the service.
Similar sanctions were imposed in May 2022 on another popular service, Blender.io.
....
Crypto mixing service Tornado Cash blacklisted by Treasury Department for alleged use in laundering
The Treasury Department has sanctioned the popular cryptocurrency mixing service Tornado Cash for allegedly helping launder over $7 billion of virtual currency.
The decision means that Americans are banned from using the service.
Similar sanctions were imposed in May 2022 on another popular service, Blender.io.
....
This is not the first a crypto mixer is sanctioned, blacklisted or shut down completely even in the most recent days the most reputed bitcoin mixer called Chipmixer was shut down by EU and US accusing of money laundering.
Tornado cash is considered an offense by the US Department of the Treasury for money laundering. Seems like all the money laundering accusations are always attached to the mixing company. Tornadocash is reported to have laundered $7 billion.
Tornado Cash is accused of using their mixer service for money laundering by the Lazarus Group. According to reports, the Lazarus Group laundered $455 million. Apart from Lazarus, the Tornado Cash service is also used by a hacker group called Harmony. Harmony is a group of hackers specializing in breaking into crypto platforms, they laundered $100 million in Tornado Cash
Tornado Cash is accused of using their mixer service for money laundering by the Lazarus Group. According to reports, the Lazarus Group laundered $455 million. Apart from Lazarus, the Tornado Cash service is also used by a hacker group called Harmony. Harmony is a group of hackers specializing in breaking into crypto platforms, they laundered $100 million in Tornado Cash
Hello,
I've been following the tornado cash case, but I didn't quite understand why this particular mixer was targeted and not all mixers in general. It seems to me that it would make more sense to target none or all of them, no?
I think I'm missing some information to fully understand.
Ps: do you have any information on the dev arrested in the Netherlands?
I've been following the tornado cash case, but I didn't quite understand why this particular mixer was targeted and not all mixers in general. It seems to me that it would make more sense to target none or all of them, no?
I think I'm missing some information to fully understand.
Ps: do you have any information on the dev arrested in the Netherlands?
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