If DeFi developers want their projects to be successful, they should really think about working with regulators on compliance issues.
It is preferable to construct a crypto mixer anonymously.
Due to allegations that Tornado Cash is being used by North Korean hackers to launder stolen cryptocurrency funds, the U.S. Treasury Department has banned all citizens from utilizing it.
The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has announced its first-ever penalties against a crypto mixer. According to the Treasury Department, Lazarus Group used the mixing service to process criminal earnings from the $620 million crypto theft of the online game Axie Infinity.
Three ethereum addresses have been added to the Office of Foreign Asset Control's (OFAC) Specially Designated Nationals and Blocked Persons List (SDN). The Lazarus Outfit, a cybercrime group linked to North Korea, is said to be in charge of the ether addresses, according to OFAC.