Adding the Tornado Cash mixer to the sanctions list may violate the US Constitution and is more of a mechanical reaction to the collapse of Terra. About it in an interview Bloomberg said Jess Powell, CEO of the Kraken cryptocurrency exchange.
He called the exclusion of the project’s code from Github “optional.”
“Citizens have a right to financial privacy. Let’s see if this will stand the test in court. […] The authorities want to control the existence of the digital currency through such possibly unconstitutional actions. It scares me a little.” he said.
8 August OFAC contributed to the sanctions list site of the cryptocurrency mixer Tornado Cash, as well as 39 Ethereum and 6 USDC addresses associated with it.
According to the agency, since the creation of Tornado Cash in 2019, with its help, attackers have laundered more than $7 billion worth of cryptocurrency. According to Elliptic, it is correct to say about $1.54 billion.
Recall that members decentralized autonomous organization Tornado DAO called on the community hire a team of lawyers to challenge the blocking of the service in court.
Later on intent challenge US-imposed restrictions said the crypto-industry-focused advocacy organization Coin Center.
On August 20, a rally in support of arrested in the Netherlands, the developer of the Tornado Cash cryptocurrency mixer Alexey Pertsev.
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Adding the Tornado Cash mixer to the sanctions list may violate the US Constitution and is more of a mechanical reaction to the collapse of Terra. About it in an interview Bloomberg said Jess Powell, CEO of the Kraken cryptocurrency exchange.
He called the exclusion of the project’s code from Github “optional.”
“Citizens have a right to financial privacy. Let’s see if this will stand the test in court. […] The authorities want to control the existence of the digital currency through such possibly unconstitutional actions. It scares me a little.” he said.
8 August OFAC contributed to the sanctions list site of the cryptocurrency mixer Tornado Cash, as well as 39 Ethereum and 6 USDC addresses associated with it.
According to the agency, since the creation of Tornado Cash in 2019, with its help, attackers have laundered more than $7 billion worth of cryptocurrency. According to Elliptic, it is correct to say about $1.54 billion.
Recall that members decentralized autonomous organization Tornado DAO called on the community hire a team of lawyers to challenge the blocking of the service in court.
Later on intent challenge US-imposed restrictions said the crypto-industry-focused advocacy organization Coin Center.
On August 20, a rally in support of arrested in the Netherlands, the developer of the Tornado Cash cryptocurrency mixer Alexey Pertsev.
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
Found a mistake in the text? Select it and press CTRL+ENTER
