Tornado Cash: How Americans Can Recover Lost Crypto
Last month, Tornado Cash was added to the Treasury’s blacklist of banned items . The Treasury Department said Tuesday that people who live in the United States and have money locked up in Tornado Cash can apply for a license to get their money back.The U.S. Treasury Department’s sanctions watchdog, the Office of Foreign Asset […]
US Treasury traces Axie Infinity’s Ronin network attack to North Korean ‘Lazarus Group’
The US Treasury Department claims that Lazarus, a North Korean hacker group, is responsible for a $600 million crypto theft through the Axie Infinity-linked Ronin bridge. On Thursday, the US Treasury Department added an Ethereum address to its list of sanctioned entities. The address “was implicated in the Ronin hack,” according to Chainalysis, a crypto […]
US Treasury reportedly considers the regulation of stablecoins
The US Treasury Department has apparently explored potential regulation for private stablecoins, despite the market’s expansion. The officials are studying the risks involved if too many people decide to withdraw their stablecoins all at once. According to Reuters, the Treasury held numerous meetings last week to assess the dangers of stablecoins to users, markets, and […]