The US Treasury stated Monday it has, labeling the service “a menace to US nationwide safety.”
Twister Money operates on the ethereum blockchain and obscures the origin, vacation spot and events of transactions. It has been used to launder greater than $7 billion since 2019, based on the Treasury’s Workplace of International Property Management, including that $455 million was stolen by the Lazarus Group, North Korea’s state-sponsored hacking group.
“Twister Money has repeatedly didn’t impose efficient controls designed to cease it from laundering funds for malicious cyber actors frequently and with out fundamental measures to deal with its dangers,” Beneath Secretary of the Treasury for Terrorism and Monetary Intelligence Brian E. Nelson stated in an announcement.
From Monday, all property and pursuits in property of Twister Money within the US or within the possession of individuals within the US is blocked and should be reported to OFAC.
Twister Money could not instantly be reached for remark howeverwho tweeted: “Looks like USDC has certainly blacklisted the Twister Money contracts, that means should you had USDC deposited in Twister you cannot entry it anymore even when the whole lot you probably did was completely legit and authorized.”