Tornado Cash developer Alexey Pertsev was arrested earlier this month over alleged facilitation of money laundering Privacy advocates worry Pertsev’s arrest could have damaging consequences for open-s...
Tag: Tornado
Tornado Cash Developer Arrest Fuels Petition and Protests in Amsterdam
Following the placement of Tornado Cash’s crypto mixing service platform under the United States Treasury Department’s sanctions list, the protocol’s developer, Alex Pertsev, has als...
Founder of Tornado Cash is Not Allowed to Speak to His Wife
Alexey Pertsev in Custody of Dutch Police Alexey Pertsev, the founder of Tornado Cash, is married to Ksenia Malik, who has blasted Dutch police for treating him like a dangerous criminal after his det...
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...
Cardano Founder Charles Hoskinson Says Tornado Cash Sanctions Set Extremely Dangerous Precedent
Cardano founder Charles Hoskinson says that the US government banning Tornado Cash sets a dangerous regulatory precedent. Earlier this month, the U.S. Treasury Department banned Americans from using t...
Developers, Family Protest Arrest Of Tornado Cash
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75% of Laundered ETH Lands on Tornado Cash: Report
Tornado Cash has become a common money laundering platform with rapidly growing incidents across Ethereum and Binance Smart Chain on a consistent uptrend. A substantial magnitude of the illicit funds ...
U.S. OFAC Sanctions on Tornado Cash For $7 Billion Funds Laundering
The Tornado of $7 Billion Cash Laundering Tornado cash is used to launder approximately more than 7 Billion USD since its existence in 2019. This includes three major names from different geographies:...
Wife of arrested Tornado Cash dev forbidden to speak with him — Rally organized
Ksenia Malik, the wife of Tornado Cash creator Alexey Pertsev, has lashed out at Dutch authorities for treating her husband like a “dangerous criminal” following his arrest last week. The Dutch Fiscal...
US sanctions on Tornado Cash spark free speech protests
On August 8, 2022, the US sanctioned Tornado Cash. According to the announcement by the US Treasury, this means that “all property and interests of Tornado Cash that are in the United States or in the...
FTX Flags More Privacy Tools After Tornado Cash Sanctions
FTX warned users against interacting with Aztec addresses, screenshots on Twitter showed The move comes after mixing service Tornado Cash was sanctioned over allegations of money laundering FTX appear...
Tornado Cash Sanctions Prove DeFi Regulation Is Inevitable
– Advertisement – Last week’s decision by the U.S. Treasury Department’s Office of Foreign Assets Control to sanction the cryptocurrency mixer Tornado Cash was the first major action again...
Kraken CEO Jesse Powell Says Crypto Exchange Will Be Forced To Freeze Funds Coming From Tornado Cash
Kraken CEO Jesse Powell says that the US government’s decision to sanction Tornado Cash leaves the crypto exchange with no option but to block funds coming in from the coin mixing service. Earlier th...
punished for being created for criminal purposes
The Dutch agency that arrested Tornado Cash developer Alexey Pertsev says it was punishing him for creating a tool to commit criminal acts. Tornado Cash: the reason for Pertsev’s arrest This was reve...
Tornado Cash sanctions will ultimately undermine the US and strengthen crypto
The United States government’s sanctioning of the open-source code that makes up the Tornado Cash privacy protocol may be shocking, but it’s not surprising. America has been tightening its grip over t...
Tornado Cash Ban Impact on USDC and USDT
Tornado Cash ban in the United States brings news of its repercussions every now and then. Out of these, some are factful instances while others are just wild guesses. Amidst this chaotic situation, c...
Aztec Co-founder on Web3 Regulation After Tornado Cash Sanctions
Aztec co-founder discussed the future of Web3 privacy after tornado cash sanctions. He also stated that the Tornado Cash Ban would be seen as an act of “self-harm.” Zac Williamson, who is the co-found...
Regulating Web3: Aztec CEO Maps Out Future of Privacy After Tornado Cash Sanctions
Zac Williamson, CEO of the Aztec Network Ethereum privacy layer, discussed what the future for Web3 privacy could look like in the wake of widely criticized U.S. government sanctions against crypto mi...
Report Kraken CEO Doubts Decision to Ban Tornado Cash Will Survive in Court: Report
The shutdown of Tornado Cash by the US Treasury Department on August 8 has made Kraken CEO Josse Powell question the constitutionality of the decision. In an interview with Bloomberg TV on Tuesday, Po...
Tornado Cash Sanctions Criticized by Kraken’s CEO Jesse Powell
15 seconds ago | 2 mins read Altcoin News Jesse Powell, called the federal restriction on Tornado Cash, “unconstitutional.” Uniswap’s creator emphasized his opinion that there was a gap in the market...
Bitcoin Lightning Network at regulatory risk after Tornado Cash saga
Policy Advisor Patrick Hansen posted his thoughts on the regulatory risk now facing the Bitcoin Lightning Network following sanctions against crypto mixer Tornado Cash. U.S. authorities added Tornado ...
Tornado Cash ban could spell disaster for other privacy protocols — Manta co-founder
There are mounting concerns that recent United States government sanctions against Tornado Cash will become a “slippery slope” for Web3 privacy that could eventually make the entire space “meaningless...
Experts Think Tornado Cash Ban Would Impact The Whole Privacy Protocol Sector
Many experts around the crypto space have concerns. The ban on Tornado Cash by the US could escalate issues for the broader private protocols space. The common notion emerges from the situation. Numer...
Tornado Cash sanctions are a ‘knee-jerk reaction’ to Terra crash, says Kraken CEO
Jesse Powell, the CEO of cryptocurrency exchange Kraken, has criticized government sanctions against Ethereum (ETH) coin mixing service Tornado cash, terming it a hasty reaction. Speaking during an i...
Kraken CEO says Tornado Cash sanctions are ‘unconstitutional’
Jesse Powell, the CEO of US-based cryptocurrency exchange Kraken, says the government agency’s move to shut down the crypto mixing service Tornado Cash could be deemed “unconstitutional.” Powell highl...
Tornado Cash receives 75% of funds laundered on Ethereum, new research reveals
Considering the magnitude of funds changing hands in the cryptocurrency market every day, cybercrime and money laundering are abundant, with one of the most infamous such incidents involving the crypt...
Coin Center to Seek Legal Redress Over Tornado Cash Sanctions
On Monday, Coin Center said the U.S. Department of Treasury overstepped its mandate when it sanctioned mixing service Tornado Cash, vowing to pursue redress over the matter. The group says it’s seekin...
Tornado Cash Finds Formidable Ally In This Privacy Watchdog. Will U.S. Treasury Be Forced To Lift Sanctions? ⋆ ZyCrypto
Advertisement     Blacklisted Tornado Cash has gained a powerful ally: the Electronic Frontier Foundation (EFF). According to the EFF, the sanctions levied by the U.S....
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...
Kraken CEO Criticizes Tornado Cash Sanctions
Key Takeaways Kraken CEO Jesse Powell has criticized sanctions imposed upon Tornado Cash by the U.S. Treasury and OFAC. On Bloomberg TV, he suggested that Tornado Cash has legitimate uses and that use...
Coin Center Threatens To Challenge OFAC’s Ban On Tornado Cash In Court ⋆ ZyCrypto
Advertisement     Coin Center, a crypto research and advocacy society based in Washington DC, is exploring challenging OFAC’s decision to add Tornado Cash to the Speci...