Tornado Cash

A U.S. court nullifies Tornado Cash sanctions

November 27, 2024 1 min read

A U.S. federal appeals court has invalidated sanctions against Tornado Cash, a crypto-mixing service, ruling that its immutable smart contracts cannot be classified as property. The Fifth Circuit Court of Appeals’ decision is a significant win for decentralization and privacy advocates, but it has reignited discussions on regulating blockchain tools often linked to illegal activities. The Treasury’s OFAC imposed sanctions on Tornado Cash in 2022, accusing it of facilitating money laundering

US lawmakers urge the Treasury to intensify efforts against Tornado Cash

November 19, 2024 1 min read

U.S. lawmakers are urging the Treasury Department to prioritize investigations into Tornado Cash, a decentralized crypto mixer linked to laundering billions in illicit funds. Led by Rep. Sean Casten, a group of Democratic lawmakers highlighted the platform’s continued role in illegal activities despite being sanctioned in 2022 by the Office of Foreign Assets Control (OFAC). Tornado Cash’s co-founder Roman Storm has come under scrutiny for allegedly using laundered funds to

Vitalik Buterin donates 100 ETH to support Tornado Cash developers in their legal fight

October 8, 2024 2 mins read

Vitalik Buterin, the co-founder of Ethereum, has recently made headlines for his generous donation of 100 ETH to aid the legal defense of Tornado Cash developers, Alexey Pertsev and Roman Storm. This significant contribution comes on the heels of Buterin selling off various memecoins from his personal collection, including Neiro, MOONDENG, DEGEN, and KABOSU, as well as USDT tokens from the CATE project, which he converted into ETH. Buterin’s support

Tornado Cash Developer Alexey Pertsev is raising funds for his legal defense in the Netherlands

August 12, 2024 1 min read

Open-source software may soon be illegal, as Tornado Cash developer Alexey Pertsev is soliciting money for his legal defense in the Netherlands. Through a video appeal on X, Pertsev is attempting to raise the sum of $750,000 to $1 million in order to pay for his legal representation. Supporters of the campaign are asked to send Ethereum using Juicebox, a decentralized platform for fundraising. The team supporting Pertsev makes sure

Dutch court denies bail for Tornado Cash developer Alexey Pertsev

July 15, 2024 1 min read

Alexey Pertsev, a developer for Tornado Cash, has been refused release on bail by a Dutch court while he challenges a conviction for money laundering. Pertsev received a five-year and four-month prison sentence from a three-judge panel in the Netherlands. Notwithstanding the diligent endeavors of his legal team to get bail and make arrangements for the appeal to be conducted from his residence, the court declined, resulting in his detention