#news #newstoday #tech #technews #latestnews #techupdates #newsupdates In what is being hailed as a ‘landmark’ decision by the crypto industry, a US court has reversed sanctions levied against Tornado Cash. The controversial crypto mixer is a Web3 platform that allows people to shuffle their crypto tokens with some other token…
WazirX hacker, who remains unidentified since the hack in July, is reportedly moving around the stolen funds. Data collected by Arkham Research showed that the hacker is using the controversial Tornado Cash platform to do so. Out of the stolen amount of over $230 million (roughly Rs. 1,900 crore), the…
The cryptocurrency sector and crypto entrepreneurs have often come under legal scrutiny in recent years. Former FTX CEO Sam Bankman-Fried was sentenced to 25 years in prison in March over charges of fraud, followed by Binance founder Changpeng getting a four-month sentence earlier this month over the exchange’s anti-money laundering…
Privacy Pools, a successor to the legally sanctioned crypto mixer Tornado Cash is currently in development. One of the developers who worked on Tornado Cash is now creating a new platform that is said to be compliant with legal norms. The developer has posted the code of the new service…
Prison time for Tordano Cash developer Alexey Pertsev has been extended for three more months until his next hearing, which is scheduled for April 21. Till then, Pertsev will continue to be under the custody of the Dutch police. The Tornado Cash platform was sanctioned by the US Treasury last…
Holders of the TORN token, which is native to the Tornado Cash privacy mixer, will now be eligible to earn rewards for proving that their holdings are not from stolen funds. Web3 builder Chainway has launched a new feature called the ‘Proof-of-Innocence’, which will reward ethical TORN holders. The Tornado…
The US Treasury Department has said that residents and citizens in the US can apply for a license to recover any funds they have that are locked in the now-banned Ethereum coin-mixing tool Tornado Cash. The Treasury Department’s move to ban Tornado Cash in August sent the crypto community into…
The US Treasury has sanctioned zero-knowledge proof-based private transaction protocol Tornado Cash for its complicity in a crypto laundering case. The digital currency mixing service has allegedly been used to launder more than $7 billion (roughly Rs. 55,672 crore) worth of virtual currency since its creation in 2019, the Treasury…
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