Big news: A federal court just said revealed U.S. Treasury being overstepped by sanctioning Tornado Cash. Its basically a crypto mixer linked to shady stuff like North Korean hackers. Around 2 years ago, it got hit for allegedly laundering $7B in crypto, including $455M tied to hacks. Crypto world’s buzzing over this decision!
Big news hit the crypto world recently: A federal appeals court ruled that the U.S. Treasury went too far by sanctioning Tornado Cash, the crypto mixer that got caught up with North Korean hackers. About 2 years ago, the Treasury slapped Tornado Cash with sanctions, accusing it of laundering over $7 billion in cryptocurrency, including $455 million tied to North Korean cyberattacks. They claimed it was used to clean dirty crypto from hacks by groups like Lazarus, which is known for major cybercrime activities.
But now, the court is finally stepping in and saying the Treasury had no right to do that. The ruling overturns the sanctions. That’s a major win for privacy advocates and crypto fans who’ve been concerned about how governments are regulating digital assets. Tornado Cash had been targeted because it helps users mix up their crypto transactions to stay anonymous—something that’s always been a gray area for regulators.
What’s even more wild is how Tornado Cash’s token skyrocketed by 430% after the ruling came down. It’s a clear sign that people are stoked about the court’s decision, and it’s a signal that crypto still has plenty of fight left. This ruling has got everyone talking about the future of crypto regulation, and for now, Tornado Cash is getting a fresh start. It’s a moment crypto enthusiasts won’t forget.
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