The two co-founders of the Ethereum-based mixer Tornado Cash were charged by the U.S. Department of Justice with money laundering and sanction violations after they allegedly helped launder $1 billion.
Vitalik Buterin said in a Twitter Space with Eric Wall and Udi Wertheimer that BTC has effectively merged its technical and cultural systems, resulting in “really weird politics holding it back."
Plaintiffs claimed that the description of Tornado Cash was inconsistent and that the sanctioned "property" slammed by the OFAC amounts to nothing more than smart contracts.
An unidentified attacker has assumed control of the Tornado Cash DAO governance after tricking users into approving a proposal that contained malicious code.
Alexey Pertsev was arrested nine months ago, just days after the U.S. Treasury sanctioned Tornado Cash coin mixer, and faces charges of facilitating money laundering.
Hackers targeted GDAC’s hot wallet, stealing 60 BTC, 350 ETH, and 10 million WEMIX tokens, accounting for a quarter of the exchange’s total holdings.
Gareth Soloway joins Kurt Wuckert Jr. on CoinGeek Weekly Livestream, sharing his thoughts on the FTX collapse, the bear market, and the possible recession in 2023.
Tornado Cash developer Alexey Pertsev will remain in Dutch custody until February after being identified as a flight risk and slammed with a new money laundering charge.
Months after being put on the SDN list, OFAC announced that Tornado Cash is linked to North Korea's nuke program in an effort to stomp Pyongyang's illegal weapons advancements.
Bittrex will settle its $24.3 million penalty for breaching multiple sanctions programs, while Coin Center seeks to tame OFAC's aggression by filing a suit for sanctioning Tornado Cash.
The U.S. Department of Treasury has clarified that visiting the Tornado Cash website, copying its open source code, or making it available online or in print would not violate sanctions.