Tornado Cash DAO goes down without explanation following vote on treasury funds
The Tornado Cash DAO went offline after many social media users reported the community discussing ways to challenge sanctions recently imposed by the United States Treasury Department’s Office of Foreign Asset Control. At the time of publication, the Tornado Cash DAO was offline reportedly following a discussion in which community members voted unanimously to add […]
Circle freezes blacklisted Tornado Cash smart contract addresses
According to crypto data aggregator Dune Analytics, on Monday, Circle, the issuer of the USD Coin stablecoin (USDC), froze over 75,000 USDC worth of funds linked to the 44 Tornado Cash addresses sanctioned by the U.S. Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals and Blocked Persons (SDN) list. Tornado Cash is a decentralized […]
What are Bitcoin mixers, and why do exchanges ban them?
One of the original allures of cryptocurrency is the narrative that using them provides the sender or recipient anonymously, but this is a common misconception within the sector. In reality, Bitcoin (BTC) and many other cryptocurrencies are easily traceable. Proof of this came earlier this week when on April 27, U.S. authorities arrested the mastermind […]