Arbitrum DAO withdraws Proposal to Fund Tornado Cash Developers’ Legal Defense
Arbitrum DAO has retracted a proposal to donate up to $1.28 million in crypto to support the legal defense of Tornado Cash developers facing criminal charges. The proposal was removed due to legal concerns, but alternative options are being explored. Arbitrum DAO, a decentralized organization that manages the development and governance of the Arbitrum blockchain, […]
Dutch judge jails Tornado Cash developer for 3 months
A Dutch judge has ordered Alexey Pertsev, the alleged developer of Tornado Cash, to stay in jail for at least three months. Following his detention, Pertsev, developer of Tornado cash, was sent to court, where the judge ordered that he remain imprisoned for the following 14 days while authorities conducted their inquiries. He returned to […]
Tether refuses to freeze sanctioned Tornado Cash addresses
Stablecoin issuer Tether has said that it will not freeze Tornado Cash accounts that were sanctioned except if it gets a directive from law enforcement to do so. As of Wednesday, cryptocurrency trail-mixer Tornado Cash’s smart contract addresses that were sanctioned by the Specially Designated Nationals and Blocked Persons (SDN) list maintained by the U.S. […]
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 […]