Did Treasury Department overstep tornado cash?

Register Now A group of crypto investors and developers lost a lawsuit funded by Coinbase that sought to argue the U.S. Treasury Department overstepped its authority in sanctioning Tornado Cash, a mixing service designed to make crypto transactions anonymous.

Was tornado cash a key tool used by North Korea's Lazarus Group?

The Treasury Department's Office of Foreign Asset Control (OFAC) sanctioned Tornado Cash last year, alleging it was a key tool used by malicious actors like North Korea's Lazarus Group to launder crypto funds stolen from decentralized exchanges and games like Axie Infinity.

Who is tornado cash?

Tornado Cash is an actual entity in itself, which has a property interest in its smart contracts, wrote Judge Robert Pitman, from the U.S. District Court for the Western District of Texas, on Thursday.