Tornado Cash

Plus: The Tornado Cash case continues and Farcaster’s devs are now unicorns

It’s taken years for BlackRock to start working with Ethereum — and crypto ruined it within minutes

Roman Sterlingov was originally arrested in 2021

Illicit addresses sent $22.2 billion worth of cryptocurrency in 2023, a 29.5% decrease from 2022, according to the latest report from Chainalysis

Plaintiffs in two cases are bringing their battle against the US Treasury Department to federal appellate courts

Swan’s banking and custodial partners “will no longer service clients who directly interact with bitcoin mixing services” the company told users Friday

The proposed rule mandates that regulated financial entities flag transactions suspected of involving crypto mixing, especially those with international implications

The Tornado Cash story tells us that Web3 users want privacy and regulators want compliance — but there’s a way to have both

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.