The U.S. Treasury on Friday lifted economic sanctions against Tornado Cash, a firm that makes cryptocurrency transactions harder to track, which the Biden administration had accused of helping launder more than $7 billion for North Korean and other cyber hackers.

The US Treasury Department said it is removing sanctions on cryptocurrency mixer Tornado Cash imposed in 2022 after the service was used by North Korean hackers to launder stolen tokens.

The U.S. Treasury Department's sanctions watchdog removed Tornado Cash from its global blacklist Friday. The crypto mixing tool has been accused of helping North Korea's Lazarus Group launder stolen funds from its various hacks and thefts,