The renowned “coin mixer” Tornado Cash was prohibited in the United States last year. But, the Ethereum community has been hard at work on a solution, Privacy Pools, that they think would deter the federal government from interfering. In August, the U.S. Treasury Department placed restrictions on Tornado Cash because
The ideal mixing protocol, for Ethereum, Tornado Cash, has been sanctioned yet again. The United States Treasury Department said in a press statement today that it was updating its sanctions on Tornado Cash because the service had been used to provide North Korea with money, supplies, and technology. The Treasury
The money movement is linked to the October 2021 BXH Exchange breach. GitHub reinstated the Tornado Cash code in “read-only” mode. On Saturday, crypto security company CertiK said that it had uncovered a suspicious $2.4 million payment into the cryptocurrency mixer Tornado Cash. Information suggests the money movement is connected
U.S. citizens cannot use the app because of the recent sanction. Ethereum developers found the original code for the program was once again on GitHub. The Tornado Cash Ethereum currency mixer has been restored to the GitHub website. Tornado Cash, which provides an anonymous means of sending and receiving Ethereum,
Tornado Cash sued the U.S Treasury department. Coinbase backing a lawsuit against the SEC. The largest cryptocurrency exchange Coinbase announced that it was backing a lawsuit against the U.S. Securities and Exchange Commission (SEC) on Thursday. Coinbase claims that this backing will help to prevent sanctions prohibiting Americans from Tornado
Pertsev worked for the Russian company Digital Security OOO as per Kharon. Ksenia Malik, Pertsev’s wife, has repeatedly refuted rumors. Prior to his involvement with Tornado Cash, Alexey Pertsev most certainly worked for a Russian security firm with connections to state intelligence organizations as per an intelligence firm. The intelligence
The action took effect on August 8, as indicated by the US Department of Treasury. The post stated that no OFAC-banned addresses have been requested to be frozen. Tether said it is seeking guidance from authorities before deciding whether or not to freeze Tornado cash addresses. The recent US government
On August 8, the OFAC issued sanctions on Tornado Cash. Emmer asked what considerations caused a piece of technology to a sanction’s list. A member of Congress in the United States has questioned the Treasury’s decision to ban Tornado Cash. The penalties on Tornado Cash, a “neutral, open-source, decentralized technology,”
Aztec claims it has made improvements to discourage money laundering. This caution follows the United States government’s contentious decision. On Friday, Aztec Network, an Ethereum-based privacy-enhancing smart contract platform, responded on Twitter to user concerns that FTX, one of the world’s biggest cryptocurrency exchanges, is “freezing” the accounts of users
Jesse Powell, called the federal restriction on Tornado Cash, “unconstitutional.” Uniswap’s creator emphasized his opinion that there was a gap in the market. Tornado Cash, a crypto privacy mixer, gained notice last week when it was sanctioned by the U.S. Treasury Department. The sector as a whole is beginning to
