Treasury sanctioned the Tornado Cash mixing tool for blocking financial privacy

in #gjdkhls • 2 years ago

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As early as August 8, 2022, it was announced by the US Treasury that Tornado Cash had been added to the US OFAC (Office of Foreign Assets Control) SDN list (list of specially designated nationals with whom Americans and American business transactions are prohibited. ) Tornado Cash , a non-custodial open source software project built on Ethereum, allows users to mix their coins via TornadoCash smart contracts, which obfuscate the previous path of the coins (which must be transacted across a transparent ledger).

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2 years ago in #gjdkhls by
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