Alchemy and Infura block access to Tornado Cash as Vitalik Buterin weighs in ...
U.S. persons and entities must comply with the Treasury's sanctions or face possible criminal consequences. According to Twitter user @0xdev0, on Monday, Web3 development platform Alchemy and Infura.io blocked remote procedure call (RPC) requests to cryptocurrency mixer Tornado Cash, preventing users from accessing the applications. The day prior, the U.S. Treasury placed 44 smart contract addresses linked to Tornado Cash in the Specially Designated Nationals and Blocked Persons (SDN) list. U.S. persons and entities are prohibited from blockchain or business interactions with Tornado Cash....
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Github, Circle, dYdX, Alchemy, and Infura... All platforms have taken action against Tornado Cash or individuals connected to the mixer following U.S. sanctions. The Tornado Cash DAO went offline after many social media users reported the community discussing ways to challenge sanctions recently imposed by the United States Treasury Department’s Office of Foreign Asset Control.At the time of publication, the Tornado Cash DAO was offline reportedly following a discussion in which community members voted unanimously to add its governance layer as a signatory to its treasury’s multisig....
The U.S. government has been targeting crypto entities that they claim can enable bad actors to transact outside of the financial system, crypto exchange Tornado Cash was the latest addition. The Ethereum-based protocol was included in the Office of Foreign Assets Control (OFAC) Specially Designated Nationals and Blocked Persons List (SDN). Related Reading: Crypto Markets […]
Ethereum co-founder Vitalik Buterin has joined forces with core developer Ameen Soleimani, Chainalysis researcher Jacob Illum, and industry scholars Fabian Schar and Matthias Nadler to co-author a groundbreaking research paper. In a move aimed at bolstering privacy on the Ethereum blockchain while navigating regulatory scrutiny, the paper introduces “Privacy Pools,” designed to serve as a […]
Many DeFi exploits in the past have been linked to the popular crypto-mixing protocol. On Friday, Tornado Cash announced that it was using oracle contracts from Chainalysis to block wallet addresses sanctioned by the U.S. Office of Foreign Assets Control, or OFAC. The move comes after the U.S. Department of the Treasury linked North Korean cybercriminal Lazarus Group as an alleged perpetrator for the recent $600 million+ Ronin Bridge exploit. As told by blockchain analytics firm Elliptic, the hackers have sent approximately $80.3 million worth of Ether (ETH) through Tornado Cash.....
Ethereum co-founder Vitalik Buterin has been granted Montenegrin citizenship. Buterin joins other members of the crypto community with global experience who have been invited to help the small Southeast European nation attract investments and develop its blockchain sector. Vitalik Buterin Obtains Montenegrin Passport Prominent crypto figure Vitalik Buterin is now a citizen of Montenegro, the country’s public service broadcaster revealed this week. Radio Televizija Crne Gore (RTCG) quoted an official announcement from the Ministry of Finance and Social Welfare in Podgorica.....