Down goes Tornado Cash DAO. This development raises even more questions about the future of crypto mixing services.
It’s unclear why seemingly neutral channels including Discord would be taken down in response to U.S. sanctions. However, according to a joint statement from the Federal Financial Institutions Examination Council and Office of Foreign Asset Control, prohibited transactions based on Tornado Cash inclusion to its Specially Designated National list could be interpreted to
"downloading a software patch from a sanctioned entity." Penalties for failure to comply with sanctions could include hefty fines and prison time.“For the first time ever, the U.S. government has criminalized interacting with software,” said Omid Malekan, an adjunct professor at Columbia Business school who also teaches about cryptocurrency and blockchain, in a statement to Cointelegraph.
Before the sanctions were imposed, Ethereum co-founder Vitalik Buterin said that he used Tornado Cash to
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dYdX confirms blocking (and unblocking) some accounts linked to Tornado CashUsing Tornado Cash? Users on dYdX says there was a Tornado-relate issue 'causing many wallet addresses to be blocked from accessing our exchange.'
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Tornado Cash Activities After SanctionsFor a technical overview of Tornado Cash, see this research piece. On Monday, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned
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