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A coalition of 34 crypto firms and advocacy groups is urging Congress to push back against what they call an “unprecedented and overly expansive” legal interpretation used by the US Department of Justice (DOJ) in its case against the developers of crypto mixer Tornado Cash. In a letter dated March 26, the group—led by the … Read more
The US Department of Treasury did a complete 180 and lifted economic sanctions against Tornado Cash. On 21 March 2025, the Treasury announced its case against the cryptocurrency mixing company as moot. Authorities have previously accused Tornado Cash of facilitating money laundering activities, including activities that link back to the infamous North Korean Lazarus Group. … Read more
U.S. Treasury officials have lifted sanctions on Tornado Cash, a crypto mixer that the U.S. government previously said was used to launder $7 billion worth of crypto stolen by North Korean hackers. In a statement, the Treasury said it “exercised our discretion” to delist Tornado Cash following a legal battle. Sanctions make it illegal for … Read more
Tornado cash has been ported to the newly launched MegaETH public testnet following the removal of sanctions against the protocol. The crypto privacy protocol Tornado Cash was ported to MegaETH testnet, as originally reported by The Block. Developer Gunboats named this new adaptation ETHTornado and said it was easy to port without changing the code. … Read more
The U.S. Department of the Treasury has lifted sanctions against Tornado Cash, a decentralized cryptocurrency mixer, effectively legalizing its use for American citizens. This move reverses the August 2022 sanctions imposed by the Office of Foreign Assets Control, which had accused the platform of facilitating money laundering activities, including transactions linked to North Korea’s Lazarus … Read more
Key Takeaways The Ethereum Foundation donated $1.25 million to support Alexey Pertsev’s legal defense. Vitalik Buterin contributed 50 ETH to the legal defense fund for Tornado Cash developers. Share this article The Ethereum Foundation(EF) announced today a $1.25 million donation to support the legal defense of Alexey Pertsev, stating that “Privacy is normal, and writing … Read more
Alexey Pertsev, the Tornado Cash developer convicted of facilitating money laundering, has been released from prison in the Netherlands. While his freedom remains conditional under electronic monitoring, his release is a major moment for privacy advocates who view his case as an attack on open-source development and financial privacy tools. #FREEALEXEY Campaign Pays Off: Alexey … Read more
Alexey Pertsev, the Tornado Cash developer convicted of money laundering in 2024, has been released from prison under electronic monitoring as he continues his legal battle. The 31-year-old Russian national, sentenced to 64 months in a Dutch prison last May, announced his release in a February 6 post on X, stating, “Dear Friends, on Friday … Read more
Key Takeaways Alexey Pertsev, co-founder of Tornado Cash, has been released from prison under electronic monitoring. The TORN token increased in value following news of Pertsev’s release, highlighting ongoing debates in the crypto sector. Share this article Alexey Pertsev, co-founder of Tornado Cash, has been released from prison and placed under electronic monitoring as he … Read more
Key Takeaways Alexey Pertsev, a developer linked to Tornado Cash, has been released conditionally under electronic monitoring as he faces money laundering charges. The case raises issues of privacy-focused crypto tool regulation and developer liability amid ongoing legal challenges. Share this article Alexey Pertsev, a Tornado Cash developer, will be released from pretrial detention on … Read more
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