Tornado Cash DAO shuts down after treasury funds vote
Following U.S. sanctions, all platforms—Github, Circle, dYdX, Alchemy, and Infura—took action against Tornado Cash or anyone associated with the mixer. The Office of Foreign Asset Control of the United States Treasury Department recently levied penalties, and many social media users claimed the community was debating how to contest them. This led to the shutdown of […]
Dutch FIOD arrests suspected developer of Tornado Cash
The Dutch Fiscal Information and Investigation Service (FIOD) has arrested the developer of Tornado Cash on account of suspected money laundering through the cryptocurrency mixing service. The arrest of a 29-year-old man in Amsterdam was officially announced on Friday by the Fiscal Information and Investigation Service (FIOD), a Dutch organization charged with looking into financial […]
dYdX confirms incorrectly blocking user accounts linked to Tornado Cash
Crypto derivatives platform dYdX said that it incorrectly suspended and barred some users who had never directly interacted with Tornado mixer. The derivatives platform suspended some accounts after the Office of Foreign Assets Control of the US Treasury Department added Tornado Cash to its list of Specially Designated Nationals (SDNs), according to a blog post […]
Circle freezes 75,000 USDC linked to blacklisted Tornado Cash addresses
Stablecoin issuer Circle has frozen more than 75,000 USDC linked to unsuspecting Tornado users and has blacklisted the smart contract addresses linked to the users’ accounts. According to crypto data aggregator Dune Analytics, Circle, the creator of the USD Coin (USDC) stablecoin, frozen over 75,000 USDC worth of funds linked to 44 Tornado users’ addresses […]