On Monday, the US Treasury’s Office of Foreign Asset Control (OFAC) designated Tornado Cash as well as an ecosystem of linked wallets, saying that bad actors including North Korea’s Lazarus group had used the platform to launder more than $7 billion.
The project’s co-founder saw his account on open-source code repository GitHub taken down, and users of the mixer had their funds locked. There has subsequently been an outcry from the crypto community, which has been mourning the loss of the platform. Leading crypto figures such as Vitalik Buterin came forward about using Tornado Cash for good causes. Others have minimized the impact of US sanctions designations, particularly for people outside of the country.#TOGRP7