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The Latest Breaking News from Tornado Cash

'Historic Win For Crypto:' Court Overturns Treasury Sanctions On Tornado Cash, Associated Token Skyrockets 430%

In a big legal win for the cryptocurrency industry, a U.S. appeals court has overturned sanctions imposed by the Treasury Department on popular cryptocurrency mixer, Tornado Cash, causing the price of the associated coin to zoom 430%.

Benzinga

#FreeAlex Call to Action: Tornado Cash Developer URGENTLY Needs $1M For Legal Fund

The #FreeAlex Campaign seeks desperate legal funds to assist Alexey Pertsev and Roman Storm in their defense against Tornado Cash (TORN) allegations.

International Business Times

Tornado Cash Developer Sentenced To Over 5 Years In Prison For Money Laundering

Alexey Pertsev, a developer of Tornado Cash, has been found guilty of money laundering by a Dutch court and will be jailed for more than five years.

International Business Times

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Tornado Cash Most Used In Majority Of Security Incidents During Q1: Security Firm

CertiK revealed that OFAC-sanctioned Tornado Cash was still used by threat actors in most of the security incidents in crypto in the first three months of the year.

International Business Times

GoFundMe Terminates Fundraiser For Tornado Cash's Legal Battle, Cites Terms Breach

Tornado Cash's founders were accused of laundering over $1 billion in "criminal proceeds" last year, and one of them asked for donations to help with his legal fight.

International Business Times

Government Blocking of "Tornado Cash" Cryptocurrency-Related Service Was Legal, Didn't Violate First Amendment

From Monday's opinion by Judge T. Kent Wetherell, II (N.D. Fla.) in Coin Center v. Yellen (for a similar decision, see this August post about Van Loon v. Dep't of Treasury): Plaintiffs argue that [the government's restriction on the use of] Tornado Cash [a mechanism for further anonymizing cryptocurrency transactions]…

Reason

A federal judge dismissed a lawsuit against Uniswap. What does it mean for the SEC’s case against Coinbase?

The same judge is presiding over the lawsuit against the crypto exchange as well as the indictment of Tornado Cash developers.

Fortune

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US charges crypto founders over alleged support for North Korean hackers

US officials allege Tornado Cash facilitated $1bn in money laundering transactions for North Korea’s Lazarus Group.

Al Jazeera

Founders of crypto mixer arrested, sanctioned after US cracks down on Tornado Cash

U.S. government officials on Wednesday started cracking down on co-founders of the virtual currency mixer Tornado Cash, just days after a federal judge decided that the government had the authority to sanction them

The Independent UK

Government Blocking of "Tornado Cash" Cryptocurrency-Related Service Was Legal, Didn't Violate First Amendment

So a federal court held Thursday.

Reason

Crypto Mixing Service Caught Up in Storm of Controversy

Tornado Cash, a mixing service for cryptocurrencies, is being hit with government sanctions related to money laundering.

People

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