Tornado Cash: Down by >50%, are sanctions an opportunity for TORN holders

Following an announcement dated 8 August, the Office of Foreign Assets Control (OFAC) barred U.S. residents from using Tornado Cash. By doing so, the agency added it to its Specially Designated Nationals list. Giving reasons for its decision, the U.S. Treasury Department stated that Tornado Cash provided a platform for laundering “proceeds of cybercrimes, including those […]