WebAug 8, 2024 · The Treasury Department has sanctioned the popular cryptocurrency mixing service Tornado Cash for allegedly helping launder over $7 billion of virtual currency. The decision means that … WebApr 9, 2024 · Watch Alex Marquardt’s report on the sting operation on Erin Burnett OutFront on Monday, April 10, at 7 p.m. ET. CNN —. A team of South Korean spies and American private investigators quietly ...
Tornado Cash Sanctions: What Crypto Investors Need to …
Web2 days ago · The Blockchain Association is doubling down on its stance that neutral tools cannot legally be sanctioned. In a new court filing Wednesday, the crypto policy advocates back a group suing the US government and related officials for sanctioning crypto mixing service Tornado Cash in 2024. Six Tornado Cash users sued the Treasury, Secretary … WebSep 16, 2024 · The Tornado Cash storm. Crypto has been pushing hard against the Treasury Department’s Tornado Cash crackdown, which the industry largely denounced as a sweeping move that doesn’t make sense.Not only is the blanket ban controversial, but supporters say imposing a ban on the widely used software would be impractical, if not impossible. diana whittington satterwhite
Tornado Cash crackdown by Treasury punishes honest crypto investor…
WebSep 22, 2024 · When Tornado Cash was sanctioned, the government seized control of all its addresses and froze the associated assets, which could set a standard for future government crackdowns on crypto. “We ... WebApr 6, 2024 · New legal actions supported by prominent crypto exchange Coinbase aims to reverse the sanctions imposed on cryptocurrency mixer Tornado Cash. These actions highlight the ongoing debate over cryptocurrency regulations and the privacy rights of US citizens. Tornado Cash was sanctioned by the US Treasury Department on August 8th, … WebAs a crypto mixer operating on Ethereum, Tornado Cash has been accused of laundering stolen crypto and was banned by the U.S. Treasury’s Office of Foreign Assets Control (OFAC) on Aug. 8. Crypto mixers anonymize blockchain transactions by breaking the on-chain link between source and destination addresses. citb apply for card