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
Reputable ENS addresses apparently got 0.1 ETH from sanctioned addresses. A Tornado Cash developer was apprehended in the Netherlands yesterday. The Office of Foreign Assets Control (OFAC) of the United States Treasury Department has sanctioned crypto mixer Tornado Cash, dealing a blow to the crypto sector. Several Twitter users have
Alexey Pertsev, a developer of Tornado Cash, was arrested by Dutch officials. Tornado Cash DAO reportedly went offline. Ethereum (ETH) network’s “Merge” has been ready for the switch to Proof-of-Stake (PoS), at this time Tornado Cash, a cryptocurrency mixing service built on the Ethereum blockchain has turned into a hot
Circle’s USDC stablecoin is used to collateralize the vast majority of MakerDAO’s DAI. The DeFi protocol has a total locked value of approximately $11 billion. Many prominent leaders in the cryptocurrency sector are reevaluating their dependence on U.S.-based centralized services and products in the wake of the Treasury Department’s shocking
dYdX banned user’s accounts that utilized Tornado Cash. Many users had no awareness they had received money from the crypto mixer. The cryptocurrency exchange dYdX announced that it has blocked user accounts that even have a token link to Tornado Cash, the cryptocurrency mixing service that the U.S. Treasury sanctioned
