Tag: Tornado

Crypto technology

Tornado Cash developer Alexey Pertsev to remain detained till subsequent yea listening to 0 (0)

Detained Tornado Cash developer Alexsey Pertsev will spend one other three months in custody within the Netherlands, based on a courtroom listening to held on Nov. 22. Cointelegraph attended a preliminary courtroom listening to on the Palace of Justice in s’Hertogenbosch, which outlined the idea of the case in opposition to Pertsev after 103 days…

Crypto technology

Tornado Cash redesignation: Does it change something for US customers? 0 (0)

Even as crypto melted down over the FTX debacle, the US Treasury amended the idea it used to sanction crypto mixing service Tornado Cash, after lawsuits argued the federal government can’t implement such a ban on open-source expertise. On Tuesday eighth November, the Treasury mentioned its Office of Foreign Assets Control (OFAC) “delisted and concurrently…

Crypto technology

US Treasury redesignates Tornado Cash sanctions, citing North Korea nuclear weapons program 0 (0)

The United States Treasury Department’s Office of Foreign Asset Control, or OFAC, has amended the sanctions on cryptocurrency mixer Tornado Cash along with together with two people concerned in “transportation and procurement actions” for the Democratic People’s Republic of Korea in its record of Specially Designated Nationals. In a Nov. 8 announcement, the Department of…

Crypto technology

Deribit hackers transfer stolen Ether to Tornado Cash crypto mixer 0 (0)

In the aftermath of the $28 million Deribit hack, the unknown exploiter is shifting stolen funds utilizing the decentralized cryptocurrency mixer, Tornado Cash. The Deribit scorching pockets hacker has transferred a complete of 1,610 Ether (ETH), or round $2.5 million, to Tornado Cash, in line with knowledge from the Ethereum block explorer Etherscan. The funds…

Crypto technology

TempleDAO Hacked Funds Deposited to Tornado Cash 0 (0)

Hack amounted to 4% of TempleDAO’s property Tornado Cash is a sanctioned entity within the US, that means people there are prohibited from coping with the mixer A hacker who exploited DeFi protocol TempleDAO used sanctioned crypto mixer Tornado Cash to maneuver their stolen funds. Earlier this month, the yield-farming protocol was exploited for 1,831…

Crypto technology

Coin Center Sues Over Treasury’s Tornado Cash Sanctions 0 (0)

Users which can be “dusted” nonetheless face prison legal responsibility and reporting obligations, swimsuit alleges Outcome of lawsuit will likely be precedent-setting in whether or not the Treasury can proceed sanctioning code Non-profit blockchain advocacy group Coin Center has filed a lawsuit in opposition to the US Treasury over its Tornado Cash sanctions, saying the…

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