One of the early contributors behind leading coin-mixing service Tornado.Cash has announced the launch of an updated version of controversial software. In a tweet to his 36,000 Twitter followers, Amee...
Tag: Tornado Cash
SpankChain founder teases Tornado Cash ‘sequel’
Ameen Soleimani, the co-founder of SpankChain and Reflex Labs, has teased a revival of sorts for the controversial Ethereum transaction mixer, Tornado Cash. Soleimani’s tweet indicated the...
Why Proof of Innocence Won’t Work for US Tornado Cash Users
Web3 venture builder Chainway recently announced a tool that would interest Tornado Cash users — a tool that would provide data supposedly showing their funds are from a legitimate source. At is...
Tornado Cash developer Alexey Pertsev detained another three months
Alexey Pertsev, the creator of the crypto mixer Tornado Cash, will be detained in a Dutch jail for another three months, Pertsev’s wife Ksenia Malik confirmed. Dutch authorities arrested P...
New Treasury sanctions link Tornado Cash to North Korea’s nuclear weapons program
Despite industry pushback, the U.S. Treasury is not giving an inch in the fight over its sanctions on Tornado Cash. The Treasury’s Office of Foreign Asset Control has in fact added a desi...
Community needs to stop eating itself alive
Two prominent Ethereum figures said the ETH community must be more positive and focus more on solving its problems, rather than complaining about them. While Ethereum underwent its most ambitious upgr...
Crypto dev creates way to access prohibited apps like Tornado Cash
Liam Zebedee, a former developer at DeFi protocol Synthetix, has created a way to allow crypto users to access blockchain protocols like Tornado Cash, which has been made largely inaccessible. Zebedee...
Sanctions against crypto mixers can deter financial crimes
Sanctions against cryptocurrency mixers like Tornado Cash can strengthen the United States’ sanctions regime against Russia and other illicit actors, and can serve as a deterrent to criminals that wou...
Coinbase backs lawsuit aimed at Treasury’s Tornado Cash sanctions
Several employees of leading crypto exchange Coinbase are filing suit to roll back last month’s Tornado Cash sanctions. Coinbase itself is financially backing the suit. The lawsuit centers on a...
Tether says it’s not freezing Tornado Cash addresses until government tells it to
Tether is upholding its decision not to freeze sanctioned wallet addresses with ties to Tornado Cash because it has not received any requests from US law enforcement or regulators to do so, the compan...
Congressman demands answers from Yellen on Tornado Cash sanctions
Crypto booster Congressman Tom Emmer is demanding answers from Treasury Secretary Janet Yellen for the agency’s recent Tornado Cash sanctions. The Republican from Minnesota took aim at the Treas...
Developers, family protest arrest of Tornado Cash developer in Amsterdam
A group of about 50 crypto and privacy advocates are protesting the arrest of Tornado Cash developer Alexey Pertsev in Dam Square, Amsterdam. Pertsev’s wife helped organize the demonstration and...
TRM Labs says Tornado Cash action is a ‘new challenge for sanctions compliance’
Blockchain analytics firm TRM Labs says that the Tornado Cash sanctions present new problems for crypto firms trying to comply with US regulations. TRM Labs provides information to crypto entities suc...
Coin Center prepares legal challenge to Treasury’s Tornado Cash sanctions
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...
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...
crypto execs slam arrest of suspected Tornado Cash developer
Crypto industry executives reacted with alarm at the arrest of a developer suspected of involvement in Tornado Cash. The Dutch Fiscal Information and Investigation Service (FIOD) arrested an unident...
Tornado Cash DAO votes to take partial control over treasury funds
The Tornado Cash DAO community has voted in favor of adding the DAO’s governance as a signatory to the treasury’s multi-signatory (multisig) wallet. The treasury looks after about $21.6 million across...
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 hit by 79% decline in deposits as users rush for the exit
Tornado Cash saw a massive decline in deposits and an increase in withdrawals after it was sanctioned by the US Treasury. Since the sanctions came down, just $6 million has been deposited into the p...
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...
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...
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 ...
Treasury Sanctions Ethereum-Based Tornado Cash For Allegedly Helping To Launder More Than $7 Billion
Topline The Treasury Department on Monday sanctioned a cryptocurrency firm with ties to a North Korea state-sponsored hacking group for allegedly facilitating malicious laundering—marking the latest r...