
TORN Surges 13% as Tornado Cash Developer Gains Temporary Freedom
Tornado Cash’s TORN token sees significant price movement following developer Alexey Pertsev’s temporary release, while he prepares an appeal for his money laundering case.
Tornado Cash’s TORN token sees significant price movement following developer Alexey Pertsev’s temporary release, while he prepares an appeal for his money laundering case.
Paradigm has decided to donate $1.25 million to Tornado Cash developer Roman Storm, who continues his legal battle with the United States prosecution.
Vitalik Buterin believes developers like Roman Storm, Alexey Pertsev and Virgil Griffith also deserves pardon.
A US District Court has reversed sanctions against Tornado Cash, while developer Alexey Pertsev remains in custody on money laundering charges worth $1.2 billion.
The Fifth Circuit Court of Appeals ruled that the US Treasury exceeded its legal authority by sanctioning crypto mixer software Tornado Cash.
Binance has plans to sunset TORN, OMG and WAVES from its platforms through autoconversion to USDC.
The Ethereum network was the most affected with ERC20 phishing attacks amounting to over $43.3 million stolen from different users in September.
Binance’s rebuttal comes amid growing frustration over the stolen funds.
WazirX recently reopened partial withdrawal of INR accounts as it sought legal assistance in Singapore to facilitate proper restructuring.
During the recent conference call with journalists, WazirX founder Nischal Shetty stated that the customers would probably lose 43% of the money they had with the exchange.
Crypto security firm CertiK blames employee for Tornado Cash use during $3 million Kraken hack, raising transparency and ethical concerns.
With such precedence, OKX CEO Star Xu warns users about depositing or attempting to withdraw funds from sanctioned entities like Garantex and Tornado Cash into OKX accounts.
The attacker used a decentralized mixer that makes it hard to trace the origin of cryptocurrency transactions.
Crypto hacks have continued to flourish despite best efforts to minimize them.
The hackers involved in these attacks often used crypto mixers like Tornado Cash to obscure the origins of the stolen funds and evade detection.