US Treasury Withdraws Tornado Cash Sanctions, Maintains Legal Action on Developer

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On Friday, the U.S. Treasury Department’s sanctions watchdog lifted sanctions from Tornado Cash, a crypto mixing tool previously blacklisted for allegedly aiding North Korea’s Lazarus Group in laundering money from hacks and thefts. This decision comes following a federal appeals court ruled last November that OFAC could not sanction Tornado Cash’s smart contracts as they …