Tornado Cash

Cherry picking or smart legal analysis? Attorneys clash over how to interpret FinCEN guidance in light of Tornado Cash indictment

Should crypto developers be held liable if their tech is used for criminal behavior?

Two founders are charged with money laundering a week after a judge opted to back up sanctions against Tornado Cash

Peter Van Valkenburgh argues that the indictment against Tornado Cash contradicts FinCEN guidelines

The inclusion of Roman Semenov on the sanctions list marks an escalation of the US government’s previous investigations into the crypto mixer

US Judge Robert Pitman ruled that Tornado Cash is a “person” under law, referencing its founders, developers and DAO

Mango Markets exploiter Avraham Eisenberg’s prosecution sends a warning to attackers, while US sanctions against Tornado Cash raise risks for laundering stolen funds, according to TRM Labs

After a governance takeover, the perpetrator offers a proposal, but the community is skeptical

Alex Pertsev was arrested back in August 2022 on allegations of money laundering

Crypto policy group steps up to support plaintiffs suing the US Treasury, OFAC for Tornado Cash sanctions

The motion seeks to reopen Tornado Cash for all US-based citizens in a bid to regain what the plaintiffs, including Coinbase, are calling violations of their Constitutional rights

Recent turmoil in the crypto market has accelerated the need for tougher crypto regulation, according to US think tank analysts

“Anyone considering interacting with the Tornado Cash wallets should first call a lawyer, and be prepared to hear no,” a partner at law firm Morrison Cohen said

Recent moves by US regulators could harm industry development and place internet users at risk, according to a group of crypto advocates

Tornado Cash’s inflows fell 68% in the 30 days after sanctions, while average monthly inflows into Russia-based Garantex following its sanctioned designation more than doubled

Tornado Cash can be sanctioned since it’s an entity defined as “a partnership, association, trust, joint venture, corporation, group, subgroup, or other organization,” the Treasury said.

The TempleDAO exploiter transferred stolen funds to the privacy protocol’s smart contract, according to Etherscan data

The Treasury exceeded its regulatory authority as Tornado Cash is a “privacy tool beyond the control of anyone,” Coin Center said

The ‘endgame’ is the DeFi founder’s final attempt to create a self-governing DAO

Leveling sanctions on anonymity-enhancing technology can deter criminals, Elizabeth Rosenberg said

“The reality of the situation is that the status quo of maker is untenable,” the DAO’s co-founder said

OFAC also addressed “dust attacks,” or instances where a very small amount of cryptocurrency that touched Tornado Cash results in blocked wallets or accounts, in Tuesday’s clarifications

Sanctioning Tornado Cash has only increased mixing activity on other platforms, industry members said

Sanctions on open source technology may have “a chilling effect on innovation,” Coinbase CEO Brian Armstrong said