Coin Center, a crypto-focused policy think tank, is prepping a challenge to the Treasury’s sanctions on Tornado Cash. In an August 15 blog post, Coin Center analyzed the contradiction of sanctio...
Tag: sanctions
This Week on Crypto Twitter: Tornado Cash Sanctions Slammed, Vitalik Criticizes MakerDAO Proposal
Illustration by Mitchell Preffer for Decrypt While many leading coins have blown up by double-digit percentages over the last seven days, there was relatively little celebration on Crypto Twitter. Muc...
Coin Center may challenge US Treasury’s sanctions on Tornado Cash in court
United States-based crypto policy advocacy group Coin Center said it intended to “pursue administrative relief” for individuals affected by Tornado Cash sanctions imposed by the Treasury Department’s ...
Tornado Cash developer arrest sparks fears of global crypto enforcement
The crypto industry has been reeling since the US Treasury blacklisted decentralized crypto mixer Tornado Cash on Monday. Despite Treasury sanctions formally being limited to US persons and entities d...
Coin Centre May Bring Legal Action Against OFAC for Tornado Sanctions
Coin Centre – a non-profit crypto policy think tank – is considering a court challenge against the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC). The challenge is a response to t...
Tornado Cash community fund multisignature wallet disbands amid sanctions
Following the United States sanctioning USD Coin (USDC) and Ethereum addresses associated with the crypto mixer Tornado Cash, the signatories of the projects’ multisignature community fund havedisband...
Tornado Cash: Down by >50%, are sanctions an opportunity for TORN holders
Following an announcement dated 8 August, the Office of Foreign Assets Control (OFAC) barred U.S. residents from using Tornado Cash. By doing so, the agency added it to its Specially Designated Nation...
DeFi protocols Aave, Uniswap, Balancer, ban users following OFAC sanctions on Tornado Cash
Several decentralized applications on the Ethereum network have implemented code changes to revoke access from “sanctioned” addresses. The currently identified protocols are Aave, Uniswap, Ren, Oasis,...
Tornado Cash DAO discusses legal avenues to challenge US sanctions
Tornado DAO members are currently discussing ways the community can challenge the recent sanctions imposed on Tornado Cash by the US Treasury. This comes as one Tornado Cash developer was arrested tod...
Tornado Cash Ethereum Token Down Over 50% After Sanctions
In the week following the sanctioning of the Tornado Cash website by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), the price of the token underpinning the system is down 56%,...
American Companies Escape China Sanctions Over Pelosi Visit: U.S.-China Forum
National Committee on U.S.-China Relations President Steve Orlins at the 4th U.S.-China Business … [+] Forum. Ethan Covey Photography When China was unhappy with South Korea over its decision to...
Crypto Community Responds to Tornado Cash Sanctions, Privacy Advocates Say ‘There Are Many Legitimate Reasons to Seek Financial Anonymity’ – Privacy Bitcoin News
The U.S. government banning the ethereum mixing service Tornado Cash and the enforcement that has followed has the crypto community in an uproar about the event. A large number of crypto and privacy a...
Torn by US Sanctions, Tornado Cash Token Tumbles
Alexey Pertsev was arrested by the Netherland’s Fiscal Information and Investigation Service for suspected involvement with money laundering Tornado Cash DAO has voted to include Tornado DAO governanc...
Issues Crypto Should Watch For in the Tornado Cash Sanctions
Where things get weird is when you consider the whole open-source nature of Tornado Cash. As I mentioned, someone (and, I’ve been told, possibly several someones) has been sending small amounts of ETH...
Tornado Cash Activities After Sanctions
August 11, 2022, 7:18AM EDT • 5 min read Quick Take Less than 30% of Tornado Cash deposit originates from stolen funds and sanctioned entities, while a significant portion possibly comes from legitima...
Tornado Cash Sees about 80% Deposit Decline following OFAC Sanctions: Report
In just about a week since the United States Treasury Department’s Office of Foreign Assets Control (OFAC) imposed a ban on the crypto mixer, Tornado Cash, the total deposits on the platform have plum...
DYdX Attempts To Spare Users Unfairly Targeted by Tornado Cash Sanctions
DEX dYdX said many accounts have been blocked due to associations with Tornado Cash, but it hope to spare those unfairly targeted The news comes after Circle and its USDC launch partner, Coinbase, blo...
TORN price sinks 45% after U.S. Treasury sanctions Tornado Cash — Rebound ahead?
Tornado Cash (TORN) has lost almost half its market valuation two days after being slapped with sanctions by the U.S. Treasury Department. The department accused Tornado Cash, a crypto mixer platform,...
MakerDAO plans against sanctions from USDC exposure
Following Circle’s freeze of blacklisted Tornado Cash addresses, MakerDAO is re-assessing the risks associated with its USDC collateral. On August 8, issuers of USDC stablecoin Circle froze USDC token...
Iran Concludes $10 Million Import Using Crypto. US Sanctions Dead?
Iran recorded its first formal order for the import of goods valued at $10 million and paid for in cryptocurrency, marking a historic defining moment in the usage of cryptocurrencies. The Ministry of ...
Anonymous user sends ETH from Tornado Cash to prominent figures following sanctions
On Tuesday, one day after the U.S. Treasury sanctioned cryptocurrency mixer Tornado Cash for its alleged role in cryptocurrency money laundering operations, intervals of 0.1 Ether (ETH) transactions b...
Crypto notables are being sent ETH from sanctioned Tornado Cash wallets
Someone is sending small amounts of ether (ETH) from sanctioned Tornado Cash wallets to a variety of wallets belonging to well-known crypto individuals and celebrities. This move appears to be some ki...
Iran Dabbles In Crypto For Cross-Border Trade, In Effort To Bypass Sanctions
Crypto-currency coins including Bitcoin, Ethereum, Dogecoin and Cardano, getty Iran has begun using crypto-currencies to settle cross-border trade deals, as the country continues to look for ways to a...
Tornado Cash Sanctions Expose Potential DeFi Achilles’ Heel
Stablecoin issuer Circle quickly followed the US Treasury in blacklisting dozens of USDC addresses over ties to Tornado Cash MakerDAO’s DAI is currently backed by more than 50% USDC, raising concerns ...
Circle CEO Talks Tornado Cash Sanctions and the Fight for Privacy
Major crypto firms Circle and Coinbase have been forced to comply with the US Treasury Department’s sanctions against Tornado Cash under Bank Secrecy Act (BSA) requirements, said Circle CEO Jeremy All...
“A Major Policy Issue”: Circle CEO Criticizes Tornado Cash Sanctions
Key Takeaways Circle CEO Jeremy Allaire has criticized the U.S. Treasury’s decision to sanction Tornado Cash, saying that sanctioning open source software marked a pivotal point in the history of the ...
Infura and Circle Cut Off Tornado Cash Following Sanctions
The U.S. government has been targeting crypto entities that they claim can enable bad actors to transact outside of the financial system, crypto exchange Tornado Cash was the latest addition. The Ethe...
US Treasury Sanctions Notorious Crypto Mixer Tornado Cash ⋆ ZyCrypto
Advertisement     The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned popular cryptocurrency mixer Tornado Cash and blackliste...
US Sanctions Virtual Currency Mixer Tornado Cash: What Will Be The Impact of This Crackdown?
In a major move, the US Treasury has sanctioned Tornado Cash, a virtual currency mixer, after news of money laundering of more than $7 billion cost of virtual currency since its foundation in 2019. T...
US vows to ‘aggressively pursue’ crypto mixers following Tornado Cash sanctions
U.S. Secretary of State Anthony Blinken warned that the administration would continue to “aggressively pursue” crypto mixers suspected of laundering illicit funds. We’ll continue to aggressively pursu...
Crypto Market Update – Bitcoin and Ethereum Prices Drop 4%, U.S. Treasury Sanctions Tornado Cash
After a bull run on Monday, where Bitcoin and Ethereum prices saw a significant upside, the cryptocurrency market is looking for support as BTC and ETH are down 3-4%. The good news is the trading volu...
US Treasury sanctions cryptocurrency mixer Tornado Cash
The US Treasury is sanctioning Tornado Cash, a cryptocurrency mixing service that allows users to obscure the details of transactions. The regulator has added Tornado Cash and 44 associated Ethereum ...