Why Tornado Cash blacklisted by US?

Why Tornado Cash banned?

What is Tornado Cash?

[{"selector":"#anim-11f02a3e-f5d6-486f-8a97-1b013e7f31d5","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

Face of Tornado Cash

[{"selector":"#anim-d7880ef8-8e88-4b0f-bdfc-f82de7c30aba","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

The Allegations

[{"selector":"#anim-49e13b08-f2b3-44f6-bb0d-4fba362fdf18","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

What's the proof?

[{"selector":"#anim-d8991571-709a-406a-bf87-a93f0e412e6a","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

Who're the criminals?

[{"selector":"#anim-7ab63804-52c9-4f4d-a696-66ce5a020d4a","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

What's next for users?

[{"selector":"#anim-826cee3d-7b75-4cee-85fe-9e7127cdec3b","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

What if I am an existing user?

[{"selector":"#anim-a89e958e-ae56-49bb-99e4-543ef3f010b7","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

Also Read:

[{"selector":"#anim-c11399c6-3d6f-40bc-8958-fb6293895de1","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

LEARN about popular Cryptocurrencies only on Katoch Tubes

[{"selector":"#anim-1bce6029-4110-4e11-9c0a-57f79afb423d","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

Why Tornado Cash banned?

Why Tornado Cash banned?

What is Tornado Cash?

What is Tornado Cash?

Tornado Cash is a decentralized protocol that allow customers to mask/hide the source of their crypto funds during a transaction.

Tornado Cash is a decentralized protocol that allow customers to mask/hide the source of their crypto funds during a transaction.

Face of Tornado Cash

Face of Tornado Cash

Tornado Cash was founded in 2019 by Roman Storm and Roman Semenov. The duo was also the founder of PepperSec

Tornado Cash was founded in 2019 by Roman Storm and Roman Semenov. The duo was also the founder of PepperSec

The Allegations

The Allegations

Tornado Cash is blacklisted by US Treasury for being a go-to-mixer for cyber criminals involved in money laundering activities

Tornado Cash is blacklisted by US Treasury for being a go-to-mixer for cyber criminals involved in money laundering activities

What's the proof?

What's the proof?

Back in April, during Ronin's bridge $625 million hack. The ETH deposit on Tornado Cash has seen a meteoric rise indicating ETH laundering

Back in April, during Ronin's bridge $625 million hack. The ETH deposit on Tornado Cash has seen a meteoric rise indicating ETH laundering

Who're the criminals?

Who're the criminals?

It is believed that North Korean hacker groups are behind the majority of money laundering activites including Lazarus Group, who hacked Ronin chain

It is believed that North Korean hacker groups are behind the majority of money laundering activites including Lazarus Group, who hacked Ronin chain

What's next for users?

What's next for users?

Users are strictly advised not to connect their wallets to the platform else they will be subjected to investigation.

Users are strictly advised not to connect their wallets to the platform else they will be subjected to investigation.

What if I am an existing user?

What if I am an existing user?

If you're an existing user, your wallet will fall under scrutiny and records will be checked. Make sure not to connect with the platform again

If you're an existing user, your wallet will fall under scrutiny and records will be checked. Make sure not to connect with the platform again

Also Read:

Also Read:

1..Celsius bankruptcy

1..Celsius bankruptcy

2..Hodlnaut trouble

2..Hodlnaut trouble

3..Gucci Apecoin

3..Gucci Apecoin

LEARN about popular Cryptocurrencies only on Katoch Tubes

We're on You Tube