TORN, the native token of privacy protocol Tornado Cash, has rallied over 70% following its removal from the US sanctions list. The Office of Foreign Assets Control (OFAC) confirmed on March 21 that it had delisted several Ethereum wallet addresses tied to the protocol. This marked a significant milestone for the embattled decentralized platform, which […]
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Tornado Cash was sanctioned multiple times over allegations of helping Lazarus Group launder funds.
The Ethereum Foundation has stepped in to support Alexey Pertsev, a developer behind Tornado Cash, by donating $1.25 million toward his legal defense. Announcing the donation on Feb. 26, the Foundation emphasized the importance of privacy and the rights of developers, saying: “Privacy is normal, and writing code is not a crime.” Pertsev expressed his […]
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A new report from the analytics firm says that sanctioned jurisdictions and groups were responsible for 39% of illicit crypto transactions last year.
Roman Storm, one of the developers behind the Tornado Cash privacy protocol, has petitioned the United States Supreme Court to halt a district court order that would compel him to reveal his defense strategy to the government before trial. The move, first reported by The Rage, argues that such a disclosure would violate longstanding legal […]
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Last May, Pertsev was sentenced to 64 months in prison for money laundering.
The US District Court for the Western District of Texas has overturned the sanctions imposed by the US Treasury’s Office of Foreign Assets Control (OFAC) on crypto-mixing protocol Tornado Cash. A Jan. 21 filing from the Fifth Circuit Court of Appeals ordered OFAC to remove Tornado Cash-linked addresses from its Specially Designated Nationals and Blocked […]
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Russian nationals have been charged with crimes for allegedly running the crypto mixing services Blender.io and Sinbad.io used by North Korean hackers.
Vitalik Buterin, Ethereum’s co-founder, has donated 50 ETH (approximately $170,000) to support the legal defense of Roman Storm, a Tornado Cash developer. The donation, confirmed by Storm on Dec. 31, marks another significant gesture by Buterin in defense of privacy and open-source development within the crypto space. Storm expressed heartfelt appreciation for Buterin’s contribution while […]
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Many in the crypto industry have criticized US authorities for sanctioning Tornado Cash smart contract addresses and charging developers with money laundering.
CryptoQuant’s CEO Ki Young Ju dismissed the idea that private CoinJoin transactions are mostly used by hackers to launder stolen funds.
ASIC sues Binance Australia for misclassification of clients. Interpol targets Hex’s founder with a Red Notice. Tornado Cash updates emerge.
Roman Storm, developer of the crypto-mixing platform Tornado Cash, has filed a motion to dismiss the criminal charges filed against him by US authorities. His request follows a significant legal decision by the Fifth Circuit Court, which ruled that sanctions imposed by the US Treasury’s Office of Foreign Assets Control (OFAC) on Tornado Cash’s immutable […]
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Tornado Cash co-founder Roman Storm has petitioned a judge to drop the criminal charges against him after an appeals court found the Treasury unlawfully sanctioned the crypto mixer.
As a U.S. Treasury official, Nelson went after the asset mixing service in a consequential case for the crypto sector that came to a head in 2024.
The US Treasury, under a Trump administration, may bring reform to how courts handle crypto mixer-related incidents, following OFAC’s overreach in the Tornado Cash sentencing.
Crypto exchange DMM will liquidate after suffering a $320 million hack back in May.
aOn November 26, the Fifth Circuit Court of Appeals ruled that the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) exceeded its authority by sanctioning crypto mixer Tornado Cash’s immutable smart contracts. The court declared that these autonomous smart contracts, which operate without human intervention, cannot be classified as “property” under federal […]
Tornado Cash developers are facing criminal charges, and affected parties have civil lawsuits pending against the US Treasury over sanctioning the crypto mixer.
Vitalik Buterin donated 30 ETH, worth just over $1 million, to Coin Center on Tuesday night.The donation came hours after a Coinbase-backed suit challenging U.S. sanctions against Tornado Cash won an appeals court victory.Coin Center is pursuing its own lawsuit against the Treasury Department's sanctions in a different appeals court.
The price of Tornado Cash’s TORN token skyrocketed to a two-year high after a US federal appeals court ruled that the US Treasury Department’s sanctions on the platform were unlawful. Tornado Cash is an on-chain privacy tool that uses immutable smart contracts to enable anonymous crypto transactions. The platform was sanctioned in 2022 by the […]
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A U.S. federal appeals court has delivered a major legal victory to the crypto sector by throwing out the U.S. Treasury Department's earlier effort to directly sanction crypto mixing service Tornado Cash.The court found that the government didn't have the proper tools to include the actual technology underpinning the service as a sanctioned entity.
The court decision raises alarming legal concerns for the developers of privacy-preserving blockchain protocols.
Coin Center says that while a Trump administration will undoubtedly be positive for crypto, there are still several ongoing cases that could prove troublesome to investors and developers.
The Coin Center lawsuit, first filed in 2022, noted that one plaintiff used Tornado Cash to protect his identity while donating money.
In an interesting development, the US courts have sentenced a crypto mixer operator from Ohio to jail. This development comes amidst active enforcement actions by US prosecutors on crypto mixers due to their reported role in aiding money laundering, hacks, and other illicit activities. Related Reading: No Bail For Tornado Cash Dev Alexey Pertsev, Dutch […]
In the latest development in the ongoing prosecution of Tornado Cash co-founder Roman Storm, the presiding judge has adjourned the much-awaited trial until April 2025. This decision will see the money laundering and sanctions violations charges against the crypto developer drag on for at least the next five months. Mandamus Petition Trial Still Set For […]
Roman Storm, currently free on bail and facing three federal charges, will have another four months to prepare for his criminal trial.
Tornado Cash developer Roman Storm’s upcoming criminal trial has been pushed to April instead of a previously scheduled December start date, a New York judge ruled Friday.
An exploit on the Base blockchain revealed major vulnerabilities leading to $1M in stolen funds and raising security alarms in DeFi.