The U.S Treasury Division is redesignating the sanction it imposed towards crypto mixing service Twister Money earlier this yr because of the protocol allegedly having ties to North Korea’s nuclear weapons program.
The Treasury division’s Workplace of International Belongings Management (OFAC) introduced earlier this yr that People are barred from utilizing Twister Money as a result of it doubtlessly posed nationwide safety dangers.
The sanction is now getting a brand new designation because the US authorities goals to hamper the development of North Korea’s nuclear weapons and deter cybercrimes.
In an announcement, the Treasury division says that Twister Money permits illicit cyber actions that finally help North Korea’s weapons of mass destruction (WMD) program. It says that Lazarus Group, a hacker group backed by the North Korean (DPRK) authorities, makes use of the platform to launder the proceeds of their crimes.
“OFAC concurrently delisted and redesignated Twister Money beneath E.O. 13722 and E.O. 13694, as amended, for its position in enabling malicious cyber actions, which finally help the DPRK’s WMD program. Efficient instantly, the August 8, 2022 designation of Twister Money is not operative, and it’s wholly changed by at the moment’s motion.”
In April, the Treasury division additionally sanctioned three Ethereum (ETH) wallets related to the group believed to be behind the Ronin Community assault in March.
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