US Treasury fines Bittrex $29.3 million, Coin Center files Tornado Cash suit. The United States Department of the Treasury has imposed a $29.3 million penalty on Bittrex due to the cryptocurrency exchange’s formerly lax approach to fighting money laundering, while the Coin Center lobby group pushes back on the Treasury’s war on coin mixer services. Earlier this week, the Treasury’s Office of Foreign Assets Control (OFAC) announced a $24.3 million settlement with the Bellevue, Washington-based Bittrex, Inc. for “deficiencies related to Bittrex’s sanctions compliance procedures. https://torum-bucket.s3.us-east-2.amazonaws.com/5f758f7f4d40584c3e09fad5/post/media/0e4f9d140a5d1778e97fcbe6b85b9027_post_1665995165453.jpeg