US Senate approves national defense bill that also targets crypto mixers

The United States Senate passed the 2024 National Defense Authorization Act (NDAA) worth $886 billion on the evening of July 27. The bill includes a provision that targets crypto mixers, anonymity-enhancing coins and institutions that are engaging in crypto trading.  The NDAA is a bill that helps authorize how the country’s defense department can utilize [...]

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Chainalysis Partners with US Regulators to Recover $30m from Ronin Loot

Blockchain analytics and security service provider, Chainalysis has helped in the recovery of $30 million in funds stolen from the Ronin Bridge by the elite North Korean hacking outfit, Lazarus Group. (Read More)

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Crypto Mixer Blender Slapped With Sanction For Its Role In $620M Axie Infinity Hack

Centralized crypto mixer Blender.io got hit with first of its kind sanctions over its alleged role in the infamous $620 million online gaming platform Axie Infinity by the U.S. Department of the Treasury’s Office of Foreign Assets Control [OFAC]. As per the press release, Blender was used in processing over $20.5 million of the stolen […]

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Crypto Mixers are “not inherently illegal” despite their bad rep, says Expert

Crypto Mixers such as the popular Tornado Cash have gained notoriety over the years as criminals used these software tools to launder millions of dollars worth of cryptocurrency. There were several such instances of misuse in the past. Last year, an Ohio native operating a Bitcoin mixer called Helix pleaded guilty to laundering more than $300 million. […]

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Trump admin unlikely to change Tornado Cash approach, Coinbase warns law firms: Law Decoded

The US Treasury, under a Trump administration, may bring reform to how courts handle crypto mixer-related incidents, following OFACs overreach in the Tornado Cash sentencing.

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