Notes 8/9: Tornado Cash Gets Sanctioned, Ether Price Surges As Gas Prices Fall
The Office of Foreign Assets Control (OFAC), a unit of the Treasury Department, has sanctioned crypto mixing service Tornado Cash. This means that it cannot be used on American soil. Tornado Cash is a decentralized app on the Ethereum blockchain that enables anonymization of transaction data. According to the Treasury department, it has been used by hackers, notably the North Korea-linked Lazarus group, to launder … Continue reading Notes 8/9: Tornado Cash Gets Sanctioned, Ether Price Surges As Gas Prices Fall