Crypto Mixer Tornado Cash Sanctioned by US Treasury

The video discusses the role of crypto mixers, highlighting their use in criminal activities due to anonymity features. Tornado Cash is identified as a popular mixer for cybercriminals, especially North Korean hackers. Despite a decline in cybercrime, significant hacks continue, particularly targeting blockchain bridges. The video also covers compliance with sanctions using smart contracts and the vulnerabilities of blockchain bridges due to rapid growth and inadequate security measures.

What is one of the main challenges mixers face in preventing criminal activity?

• Difficulty in implementing KYC

• Lack of anonymity

• Limited user base

• High transaction fees

Which country has been identified as a major player in crypto-related organized crime?

• China

• Iran

• North Korea

• Russia

How has the growth of crypto transactions compared to the growth of cybercrime?

• Cybercrime has declined

• Both have grown at the same rate

• Crypto transactions have grown faster

• Cybercrime has grown faster

What tool can developers use to ensure their smart contracts comply with sanctions?

• Blockchain Explorer

• Crypto Wallet

• OFAC Sanction Oracle

• Decentralized Exchange

Why are cross-blockchain bridges considered vulnerable?

• They are not widely used

• They lack user-friendly interfaces

• They store large amounts of funds

• They have low transaction speeds