Cryptocurrency Q&A
What's going on with Tornado Cash?
What's going on with Tornado Cash?
Alessandra
Thu Sep 26 2024
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6 answers
1426
Hey there, can you fill me in on the recent happenings with Tornado Cash? I've heard some buzz about it in the crypto community but I'm not entirely sure what's been going on. Is it facing any legal issues or has there been a significant change in its operations? I'd love to get a better understanding of the current situation.
6 answers
Tommaso
Sat Sep 28 2024
The court's stance on Tornado Cash is clear and unwavering. Contrary to the defendant's argument, the court does not view Tornado Cash as an innocent tool that has been unfairly misused by criminals.
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Raffaele
Sat Sep 28 2024
Instead, the court has determined that Tornado Cash is inherently suited for criminal activities. This determination stems from a thorough analysis of the tool's capabilities and the way it has been used in the past.
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Carolina
Sat Sep 28 2024
In August 2022, the U.S. Treasury Department took decisive action against Tornado Cash. They imposed sanctions on the company, recognizing the threat it poses to the financial system and the well-being of citizens.
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CryptoGuru
Sat Sep 28 2024
The Treasury Department's accusations against Tornado Cash are severe. They allege that since its inception in 2019, the company has facilitated the laundering of over $7 billion in illicit funds.
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Giovanni
Fri Sep 27 2024
This massive figure underscores the scale of the problem and the need for decisive action. The Treasury Department's sanctions are a clear signal that such behavior will not be tolerated in the United States or anywhere else in the world.
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