Tornado Cash Adds Chainalysis Tool for Blocking OFAC-Sanctioned Wallets From Dapp

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Tornado Cash Adds Chainalysis Tool for Blocking OFAC-Sanctioned Wallets From Dapp
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Privacy mixer TornadoCash, used by the Ronin hackers to launder $80 million, says it's now using a chainalysis tool in its dapp to block sanctioned wallets. egreechee reports

"Now is the time for the industry to demonstrate that blockchains' inherent transparency make cryptocurrency a powerful deterrent to sanctions evasion," Chainalysis CEO Michael Gronager said at the time, adding:

"In anticipation of ongoing sanctions, we've prioritized the development of these tools so that all cryptocurrency market participants have what they need to harness this transparency and conduct basic sanctions screening at no cost to them.

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