Is tether blacklisting tornado cash accounts?

According to a Washington Post analysis of data from Dune Analytics, a crypto intelligence firm, Tether is not blacklisting accounts associated with Tornado Cash. So far, the U.S. government has not taken action.

Is tether in violation of Treasury's new rules?

One crypto company that has attracted scrutiny from U.S. regulators and law enforcement in the past, Tether, may be in violation of Treasury’s new rules. According to a Washington Post analysis of data from Dune Analytics, a crypto intelligence firm, Tether is not blacklisting accounts associated with Tornado Cash.

How does tornado cash work?

At a high level, they work by pooling the funds deposited by many users together, shuffling them in a seemingly random fashion, and then subtracting a small service fee and returning the remaining funds to each depositor. Tornado Cash is no exception – though its details differ.

How did Tornado cash comply with sanctions?

The day after the sanctions were announced, the U.S.-based company said it moved to comply by freezing $75,000 worth of its stablecoin, USD Coin, in Tornado Cash wallets and blocking transactions with the blacklisted accounts.