The price of $TORN, the native token of Tornado Cash, surged by an astonishing 1000% in just 90 minutes after news broke that a court had declared sanctions against the protocol illegal. The announcement, which surfaced at 2:16 Moscow time, sent the token’s value soaring as traders rushed to capitalize […] origin »
U. S. Appeals court lifted sanctions on Tornado Cash and ruled in its favor
Subsequently, TORN climbed by 387. 51% in the last 24 hours
Following the court's ruling in favor of Tornado Cash, TThe post How did whales cash in on TORN after U.
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.
North Korean hackers have increasingly favored Bitcoin (BTC) mixers over Tornado Cash (TORN) since U. S. authorities imposed sanctions on the cryptocurrency mixer, according to blockchain analytical firm TRM Labs.
The value of Tornado Cash is decreasing, not due to market factors but because of recent controversies. The Office of Foreign Assets Control recently added Tornado Cash to its list of Special Designated Nationals.
Can it be any worse for the already-troubled crypto-mixer Tornado Cash? Not just on the regulatory side, but even on-chain metrics have now revealed a depressing story. From monthly users to weekly deThe post Nothing 'unique' about Tornado Cash as sanctions continue to pinch TORN appeared first on AMBCrypto.
Partner and member of Crowell & Morning’s International Trade and White Collar & Regulatory Enforcement Groups, Carlton Greene, and Counsel in the International Trade and the White Collar & Regulatory Enforcement Groups, Anand Sithian, joined CryptoSlate to talk about the implications of the Office of Foreign Assets Control’s (OFAC) sanctions on Tornado Cash (TORN).
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 NatioThe post Tornado Cash: Down by >50%, are sanctions an opportunity for TORN holders appeared first on AMBCrypto.