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Tornado Cash Governance Token TORN Shudders More Than 57% Since the US Government Ban

Amid the crackdown against Tornado Cash, associated addresses, contributing developers, and anyone who uses the mixing platform, the project’s governance token called TORN has shuddered in value. TORN is an ERC20 with a fixed supply that is leveraged for governance proposals and voting. During the last seven days, the Tornado Cash governance token has lost […]

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Crypto Reacts: Arrest Of The Alleged Tornado Cash Developer, A Watershed Moment

What’s the story around Tornado Cash? The U.S. Department of the Treasury made its case in a press release, but the question still lingers. Because, as many people have pointed out, Tornado Cash is not an institution. It’s a smart contract in the Ethereum blockchain and, according to US law, code is supposed to be […]

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Tornado Cash Token Loses 24% Of Value After Developer Arrest

TORN, the token of Tornado Cash, plummeted by nearly a quarter in the last 24 hours after Dutch authorities arrested a suspected developer for the crypto transaction mixing protocol in Amsterdam on Friday. After the US Treasury added the mixing protocol on its sanctions list, Tornado Cash noticed a significant decrease in deposits and a […]

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Dutch authorities arrests suspected Tornado Cash developer

The controversies surrounding Tornado Cash have taken another dimension. In the latest development, Dutch authorities have arrested an individual (29) whose identity remains unknown over his connection to Tornado Cash. In the early hours of today, the Fiscal Information and Investigation Service revealed how it arrested the fellow in Amsterdam.  According to the agency, the […]

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Crypto Community Responds to Tornado Cash Sanctions, Privacy Advocates Say ‘There Are Many Legitimate Reasons to Seek Financial Anonymity’

The U.S. government banning the ethereum mixing service Tornado Cash and the enforcement that has followed has the crypto community in an uproar about the event. A large number of crypto and privacy advocates have spoken out against the actions the government has taken so far, and the nonprofit advocacy group Fight for the Future […]

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Tornado Cash DAO goes down without explanation following vote on treasury funds

Github, Circle, dYdX, Alchemy, and Infura… All platforms have taken action against Tornado Cash or individuals connected to the mixer following U.S. sanctions. The Tornado Cash DAO went offline after many social media users reported the community discussing ways to challenge sanctions recently imposed by the United States Treasury Department’s Office of Foreign Asset Control. […]

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“It’s Insane”: Crypto Twitter Reacts to Tornado Cash Developer Arrest

Tornado Cash developer Alexey Pertsevs arrest is being met with fierce criticism from the crypto space on Twitter. Prominent community members fear this may indicate an impending crackdown on privacy….

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Tornado Cash Suspected Developer Collared By Dutch Authorities

The Tornado Cash chronicle unfolds. Authorities in the Netherlands apprehended a man suspected to be a Tornado Cash developer in Amsterdam on Wednesday. The Fiscal Information and Investigation Service said that the unidentified 29-year-old man was reportedly involved in money laundering via the decentralized Ethereum mixer Tornado Cash. In the Netherlands, FIOD is the body […]

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Tornado Cash’s Channels Keep Disappearing in Wake of Treasury’s Ban

The official Tornado Cash Telegram channel is still live. Access to Tornado Cash Blocked The Treasury Departments move to blacklist Tornado Cash is continuing to wreak havoc. According to multiple…

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Dutch Law Enforcement Arrests Suspected Tornado Cash Developer in Amsterdam

According to a statement from the Dutch Fiscal Information and Investigation Service (FIOD), law enforcement officials in Amsterdam arrested an unnamed 29-year-old suspected of developing the ethereum mixing application Tornado Cash. FIOD accuses the suspect of “concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies.” Netherlands Law Enforcement Takes Suspected Tornado […]