The U.S. Treasury’s Office of Foreign Assets Control (OFAC) issued sanctions against Tornado Cash this month, marking its first action against a decentralized finance (mixer in what may prove to be a ...
Tag: Tornado
Tornado Cash Sanctions Are Spiraling Into Compliance Nightmares
Between Aug. 7 and Aug. 13, users sent in about 11,000 ETH (so this figure went down week-over-week) and sent out … 49,852 ETH. Tornado was sanctioned on Aug. 8, meaning the week-over-week figure near...
USDT market cap up by $2 billion following Tornado Cash debacle
The market capitalization of Tether (USDT) tokens has increased by nearly $2 billion since the U.S. Treasury Department imposed sanctions on cryptocurrency mixer Tornado Cash. The Office of Foreign As...
Coin Center To Challenge Tornado Cash Ban By U.S Government in Court
Today, Coin Center shared that it is bracing itself to challenge the Tornado Cash ban in court by the U.S government. To the unfamiliar, Coin Center is a non-profit which focuses on solving issues rel...
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 Scores A Powerful Ally, Will The U.S. Revisit Its Ban
The recently banned virtual currency mixer Tornado Cash has received a plethora of support from the crypto community. However, its most recent support is from a powerful ally. The Electronic Frontier ...
Major DeFi Protocols Block Accounts Linked to Tornado Cash
Following the OFAC ban on Tornado Cash, major DeFi protocols including Aave, Uniswap, Balancer, Ren, and Oasis have blocked all the addresses associated with Tornado Cash, regardless of type. That mea...
The Electronic Frontier Foundation Is ‘Deeply Concerned’ About Tornado Cash Ban
The Electronic Frontier Foundation (EFF) has joined the chorus of crypto and privacy advocates pushing back against the U.S. Treasury Department’s decision to issue sanctions that ban American c...
Coin Center Says It May Challenge Tornado Cash Ban in Court
Crypto policy non-profit Coin Center today announced it is preparing to challenge the U.S. government’s Tornado Cash ban in court. The Washington, D.C.-based advocacy group said Monday that the U.S. ...
Signatories to Tornado Cash community fund evacuate position
In a new development surrounding the crisis of the Tornado Cash, the signatories of the projects’ multi-signature community fund have vacated their position. This comes as a subsequent development to ...
Tornado Cash Community Fund Signatories Relinquish their Positions
The sanctions on the cryptocurrency mixing protocol, Tornado Cash, by the US Treasury Department are causing more internal wranglings for the platform than projected. In the latest update, the signato...
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 ...
In the eye of Tornado Cash
Summer is still on, harvesting the fresh names for its list of the crypto companies in deep trouble. This time, the trouble came not from the market or management but from the United States Treasury D...
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...
Crypto Economy’s Top Privacy Coins Take a Hit After US Government Banned Tornado Cash – Bitcoin News
Following the U.S. government prohibiting the use of the ethereum mixing service Tornado Cash, the crypto economy’s top privacy coins lost more than 8% in USD value the following evening after the ban...
DeFi Web Apps Block Users Hit by Tornado Cash ‘Dust Attack’
Sun claimed he was sent 0.01 ETH from an anonymous source via Tornado Cash, leading to Aave blocking his blockchain address Privacy advocates say the Treasury’s move to ban Tornado Cash is a violation...
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...
USDT supply up almost $2B over 30 days, USDC supply falls after blocking Tornado Cash linked wallets
Tether’s CTO Paolo Ardoino has identified an increase in USDTs market supply over the last 30 days compared to its rival USDC, which declined over the same period. Why no one is talking about it? ? pi...
DeFi Protocol Aave Bans Justin Sun After He Randomly Received 0.1 ETH from Tornado Cash
Decentralized protocol Aave has banned the wallet address of Justin Sun, the founder and CEO of the Tron blockchain project, for unknowingly interacting with sanctioned Ethereum-based crypto mixer Tor...
Tornado Cash Total Value Locked (TVL) Spikes by More than $140 Million
Tornado Cash TVL saw a boost in July due to renewed interest in decentralized finance (DeFi) and certain areas of the crypto finance industry. Tornado Cash is a platform that is used to obfuscate cry...
Kevin O’Leary says sacrificing Tornado Cash worth it for institutional adoption
Clamping down on crypto applications that “mess with the primal forces of regulation” is necessary, says Shark Tank host and millionaire venture capitalist Kevin O’Leary, who argued that Tornado Cash ...
DeFi Platform Aave Blocks Addresses Linked To Tornado Cash
Tornado Cash is under fire lately as more DeFi protocols have started blocking wallets connected to the smart contract. Now, Aave has joined Balance and Uniswap Users of the platform usually get a mes...
Tornado Cash DAO Decides to Freeze Operations After US Govt Crackdown –
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Tornado Cash Ban led Governance Token TORN Face Massive Drop
Nothing seems to be going well for Tornado Cash as the project faced several hits in the past weeks. Now these hard hits to the project started showing visible results in the form of losses. During th...
Aave Responds to Blocking Addresses Over Tornado Cash Clampdown
DeFi lending protocol Aave Protocol said the TRM API on its app was responsible for blocking addresses that received ETH from unknown sources through Tornado Cash. In a Twitter thread on Saturday, the...
Kevin O’Leary Says Arrest of Tornado Cash Developer Worth the ‘Sacrifice’ – Here’s Why
Shark Tank investor Kevin O’Leary says that the recent arrest of the suspected developer of coin mixing service Tornado Cash is a worthy sacrifice on the road to a more regulated crypto industry. In a...