Tornado Cash, the protocol used to scramble transactions in blockchain to make tracing difficult. cryptocurrencieswas banned from the United States on Monday (8) by the Treasury Department.
The protocol, classified as Mixer, was banned from use in the country, and added to a watch list by the Office of Foreign Assets Control (OFAC), the arm of the Treasury Department responsible for preventing breaches. of sanctions.
The agency added Mixer to the list called the “Specially Designated Nationals List” (SDN), which is intended to track people, companies and sanctioned cryptocurrency addresses.
Other addresses linked to Tornado Cash are banned
In addition to the transaction scrambling service, 44 more virtual wallet addresses on the network Ethereum (ETH) and gives stablecoin USDC have been added to the list.
One of them, “0x8589427373D6D84E98730D7795D8f6f8731FDA16”, is linked to a donation address for the Tornado Cash service according to Etherscan (Ethereum block explorer)
Furthermore, “0xDD4c48C0B24039969fC16D1cdF626eaB821d3384” is also linked to the Mixer protocol and belongs to a Web 3.0 project funding project, Gitcoin Grants.
The specific wallet, included in the US Treasury’s blacklist, is the address where the project would finance Tornado Cash. The financing fund had already received US$ 60,625, which would now be under the supervision of the US Treasury.
Join the Crypto Times Telegram group!
You access news from the crypto world in real time and you can even participate in community discussions. Join the Crypto Times Telegram group now!
Disclaimer
Money Times publishes informative articles of a journalistic nature. This publication does not constitute an investment recommendation.
Source: Moneytimes
I am an author at Global happenings and I mostly cover automobile news. In my time working in the automotive industry, I have developed a keen interest in the latest developments and trends. My writing skills have also allowed me to share my knowledge with others through articles and blog posts.
