Tornado Cash Token’s Vote Restores Governance Control
The proposal to restore governance control to Tornado Cash token holders has garnered an impressive 517,000 votes in favor, with no votes against it.
Tag tornado cash
Federal Court Bars U.S. Treasury from Reinstating Tornado Cash Sanctions
Key Takeaways A U.S. district court has ruled that the Office of Foreign Assets Control (OFAC) cannot reimpose sanctions on the crypto mixing service, Tornado Cash. The decision, issued by Judge Robert Pitman in the Western District of Texas, permanently…
Crypto Firms Urge Congress to Oppose DOJ’s Money Transmission Charges Against Tornado Cash
Key Takeaways The crypto industry is pushing back against the U.S. Department of Justice’s (DOJ) legal actions against Tornado Cash, arguing that the agency is misapplying federal money transmission laws. A coalition of 34 crypto organizations, led by the DeFi…
Coinbase CLO Slams U.S. Treasury for Dodging Final Court Ruling on Tornado Cash
Key Takeaways Coinbase’s Chief Legal Officer, Paul Grewal, has criticized the U.S. Treasury Department for attempting to sidestep a final court ruling in the Tornado Cash case. Grewal argues that by removing the crypto mixer from its sanctions list, the…
US Lifts sanctions on Tornado Cash after 2 years
Key Takeaways The U.S. Treasury Department has lifted sanctions on Tornado Cash, a crypto mixer previously blacklisted for its alleged role in laundering funds. A crypto mixer is used to obscure the origin and destination of the funds, and then…
US Court Clears Tornado Cash Smart Contracts From OFAC Sanctions
Key Takeaways On November 26, the U.S. Fifth Circuit Court of Appeals ruled that the U.S. Treasury Department had overstepped its legal authority by sanctioning Tornado Cash’s immutable smart contracts. The case centers around Tornado Cash, a decentralized privacy protocol…
Court Extends Tornado Cash Developer Pertsev’s Pre-Trial Detention
Key Takeaways Alexey Pertsev, the developer behind the crypto mixing service- Tornado Cash, will remain in custody as he awaits trial in the Netherlands. Perstev took to X(formerly Twitter)to express his dissatisfaction with the court’s decision to extend his detention”…
Hacker behind Rain exchange launder ETH worth $ 3 Mln through Tornado Cash
Key Takeaways A hacker-linked address from Bahrain-based crypto exchange Rain has begun laundering funds through the crypto mixer Tornado Cash. According to PeckShieldAlert on X, the hacker transferred 1,155 ETH, valued at approximately $2.9 million. Rain was compromised in a…
Tornado Cash Developer Alexey Pertsev Denied Bail Ahead of Appeal
While his attorneys get ready to file an appeal against allegations of money laundering, Alexey Pertsev, the creator of the crypto mixer Tornado Cash, has been refused bail.
Orbit Chain Hacker Moves $48M to Tornado Cash After Lying Dormant
Key Takeaways The exploiter behind the $82 million Orbit Brudge hack has reportedly moved $47.7 million to cryptocurrency privacy mixer Tornado Cash. The latest development comes nearly 6 months after the hack took place. On December 31, 2023, Orbit Bridge,…
