Terrorist financier removed from UN sanctions list

Tornado Cash-Related Mixer Dropped from US Blacklist

Washington D.C. - The United States Office of Foreign Assets Control (OFAC) has removed Mixer, a cryptocurrency tumbler, from its list of sanctioned entities, according to an announcement made on November 21.

The move comes after Mixer's parent company, Block.one, entered into a settlement agreement with the US Department of the Treasury's Office of Foreign Assets Control (OFAC) earlier this year. As part of the agreement, Block.one agreed to implement measures to prevent Mixer from being used to facilitate illegal activities.

Mixer was initially added to the OFAC's Specially Designated Nationals and Blocked Persons (SDN) list in July 2021, following allegations that it was used to launder cryptocurrency proceeds from North Korean cyberattacks. The sanctions were levied in response to concerns that Mixer was facilitating illegal activities, including money laundering and terrorist financing.

The removal of Mixer from the SDN list marks a significant development in the ongoing efforts to combat illicit financial activities in the cryptocurrency space. The move is seen as a positive step towards promoting transparency and accountability in the industry, and reflects the US government's commitment to working with regulated entities to prevent the misuse of cryptocurrencies.

In a statement, a spokesperson for Block.one said, "We are pleased to have reached a settlement with OFAC and are committed to continuing our efforts to prevent the misuse of Mixer. We believe that this agreement demonstrates our commitment to compliance and our willingness to work with regulatory authorities to promote a safe and responsible cryptocurrency ecosystem."

The removal of Mixer from the SDN list is expected to have a positive impact on the cryptocurrency industry as a whole, and may pave the way for greater collaboration between regulated entities and regulatory authorities.