News with the tag "Tornado cash"

Bitcoin Magazine US Treasury Removes Tornado Cash From OFAC Sanctions List The Department of Treasury has lifted Sanctions on Tornado Cash, the Ethereum based smart contract mixer, following a series of legal defeats and administrative challenges. “Based on the Administration’s review of the novel l...

The United States Treasury has officially removed Tornado Cash, an Ethereum-based coin mixing service, from its list of sanctioned entities. This move marks a big change after the Treasury’s Office of Foreign Assets Control blacklisted the platform in 2022. In a statement, the department said it mad...

The Treasury Department’s Office of Foreign Asset Control (OFAC) is removing Tornado Cash from its Specially Designated Nationals (SDN) blacklist. According to a new announcement from the Treasury Department, OFAC is removing economic sanctions against the crypto protocol. Tornado Cash is a “crypto ...

The US Treasury Department officially clarified that the Tornado Cash crypto mixing service is no longer on the Specially Designated Nationals (SDN) list. The move comes after a federal court in late 2024 passed a verdict that the immutable smart contracts on the protocol could not be regarded as “p...

The U.S. Treasury has officially removed economic sanctions on Ethereum-based transaction mixer Tornado Cash, citing a reassessment of legal and policy issues related to digital financial activities. In a press release the U.S. Treasury said, in a Monday court filing for Van Loon v. Department of th...

The U.S. Department of the Treasury has lifted sanctions against Tornado Cash, a decentralized cryptocurrency mixer, effectively legalizing its use for American citizens. This move reverses the August 2022 sanctions imposed by the Office of Foreign Assets Control, which had accused the platform of f...

Although Bybit CEO Ben Zhou says 88% of stolen crypto is still traceable, the recent Bybit hack has been linked to an unprecedented money laundering operation. Is money laundering via crypto on the rise? Let’s break it down. BlackRock’s Larry Fink famously called crypto an “index of money laundering...

The Ethereum Foundation (EF) is donating more than a million dollars to help Tornado Cash developer Alexey Pertsev with his legal defense. The contribution follows the developer’s supervised release to prepare to appeal his money laundering conviction in the Netherlands. Ethereum Foundation Aids Ale...

The Ethereum Foundation announced it would support the legal defense of Alexey Pertsev, co-founder of Tornado Cash. The Foundation will set aside $1.25M for the task while stating general support for privacy. The Ethereum Foundation will support on-chain privacy and will pay $1.25M toward the legal ...

The Ethereum Foundation will donate $1.25 to aid the legal battle of Tornado Cash developer Alexey Pertsev. The Ethereum Foundation has announced a donation of $1.25 million to support the legal defense of Alexey Pertsev, a developer of Tornado Cash. Pertsev, who had been on pretrial detention since...