US Prosecutors Reject Tornado Cash Founder’s Defense Amid Push For October Re...
US Southern District of New York (SDNY) prosecutors have pushed back on the Tornado Cash co-founder’s defense, claiming that his arguments for dismissal lack applicability ahead of a crucial hearing later this week. Related Reading: Crypto Leaders ‘Hopeful’ On Latest Stablecoin Yield Language – Was A Solution Reached? DOJ Says Tornado Cash Founder’s Defense Is […]
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In a positive development for the crypto industry, a recent study by White House economists affirmed that stablecoin yield won’t harm community banks, and its prohibition won’t have a meaningful impact on overall lending in the banking system. Related Reading: US Prosecutors Reject Tornado Cash Founder’s Defense Amid Push For October Retrial Stablecoin Yield Is […]
Amid the crackdown against Tornado Cash, associated addresses, contributing developers, and anyone who uses the mixing platform, the project’s governance token called TORN has shuddered in value. TORN is an ERC20 with a fixed supply that is leveraged for governance proposals and voting. During the last seven days, the Tornado Cash governance token has lost 57.6% in value against the U.S. dollar. Tornado Cash Token Loses More Than Half of Its Value This Week It seems that everything Tornado Cash touched is tainted and during the last week, the project’s governance token....
The Tornado Cash chronicle unfolds. Authorities in the Netherlands apprehended a man suspected to be a Tornado Cash developer in Amsterdam on Wednesday. The Fiscal Information and Investigation Service said that the unidentified 29-year-old man was reportedly involved in money laundering via the decentralized Ethereum mixer Tornado Cash. In the Netherlands, FIOD is the body […]
What’s the story around Tornado Cash? The U.S. Department of the Treasury made its case in a press release, but the question still lingers. Because, as many people have pointed out, Tornado Cash is not an institution, but a smart contract in the Ethereum blockchain. And according to US law, code is supposed to be […]
Roman Storm, founder of the Tornado Cash privacy tool, has warned that open-source developers may face retroactive criminal risk from US prosecutors for building non-custodial finance software. Related Reading: Moscow’s $376-B Crypto Milestone Puts Russia Ahead Of Europe His message has echoed through the crypto community as his own legal fight moves forward. Reports have […]