Tornado Cash token down 50% after U.S. sanctions and arrest of developer
The proprietary token of the mixer and decentralized organization Tornado Cash is down more than 50% in a week following U.S. Treasury Department sanctions and the arrest of one of its developers. Earlier today, the TORN token hit an all-time low of $11.81, starting the week above $30. Tornado Cash was launched in 2019 as a tool to increase the anonymity of Ethereum users by blending their assets. On Aug. 8, the Office of Foreign Assets Control (OFAC) placed Tornado Cash and 44 related Ethere...
Tornado Cash token down 50% after U.S. sanctions and arrest of developer
The proprietary token of the mixer and decentralized organization Tornado Cash is down more than 50% in a week following U.S. Treasury Department sanctions and the arrest of one of its developers. Earlier today, the TORN token hit an all-time low of $11.81, starting the week above $30. Tornado Cash was launched in 2019 as a tool to increase the anonymity of Ethereum users by blending their assets. On Aug. 8, the Office of Foreign Assets Control (OFAC) placed Tornado Cash and 44 related Ethere...
