Tether Backs Tornado Cash Addresses
The company that made the stablecoin thinks that freezing secondary Tornado Cash addresses is too soon and is waiting for more information from U.S. authorities. Tether, which makes stablecoins, has said again that it will not block Tornado Cash addresses. It also said that U.S. authorities or law enforcement have not yet asked it to […]
Cardano founder criticizes U.S. Tornado cash sanctions
Charles Hoskinson, the co-founder of Cardano blockchain platform, criticized the U.S. for blacklisting Tornado Cash for breaking sanctions. The government has criticized Tornado Cash, a decentralized Ethereum protocol for private transactions, for helping to launder more than $7 billion in digital assets. Hoskinson claimed in a video that the U.S. government is setting a very […]
SlowMist claims 75% of laundered ETH goes to Tornado Cash
Tornado Cash has become a well-liked medium for money laundering as a result of the rapidly rising occurrences throughout Ethereum and BSC. With an upward trend and rapidly rising events on Ethereum and the Binance Smart Chain, Tornado Cash has become a well-liked platform for money laundering. A significant chunk of the illicit earnings has […]
Tornado Cash ban spells disaster for Web3 privacy protocols
There are growing worries that the recent penalties imposed by the US government on Tornado Cash could create a “slippery slope” for Web3 privacy and ultimately render the medium “meaningless.” Shumo Chu, co-founder of the privacy protocol Manta Network, voiced concerns about the severe penalties against Tornado Cash would have a ripple impact on other […]
Restriction on Tornado Cash disastrous for other privacy protocols
In particular, Web3 technologies that provide privacy on the blockchain may be impacted by the U.S. ban on Tornado Cash. There are growing worries that the recent sanctions imposed by the US government against Tornado Cash could create a “slippery slope” for Web3 privacy and ultimately render the medium “meaningless.” The co-founder of the privacy […]