Could GitCoin Grants address be under sanctions from the U.S. amid Tornado Cash saga?

Martin Köppelmann, Co-founder of Gnosis, created a smart contract that will detect whether censorship at the protocol level of Ethereum is currently taking place. The post Could GitCoin Grants address be under sanctions from the U.S. amid Tornado Cash saga?

Timeline of Gitcoin, Torn

According to a recent study from the blockchain security and analytics firm Elliptic, cybercriminals stole more than $100 million worth of non-fungible tokens (NFTs) between July 2021 and July 2022.  The report revealed that the malicious actors received approximately $300,000 for each crime.

The U.S Treasury Department sent shockwaves across the cryptoverse earlier this month when it added Ethereum mixer Tornado Cash to the Specially Designated Nationals list, meaning U.S persons face criminal penalties if they use the anonymizing tool.

US Congressman Tom Emmer of Minnesota is seeking clarity on the Office of Foreign Assets Control's (OFAC) recent banning of crypto mixer Tornado Cash. In a letter addressed to Treasury Secretary Janet Yellen, Emmer says that the government's unprecedented sanction of Tornado Cash is unique in that it was imposed against a “privacy-enabling” code.

While the crypto community is still talking about the U.S. government banning the ethereum mixing platform Tornado Cash, the stablecoin issuer Tether Holdings Limited revealed on Wednesday that the company would not “freeze Tornado Cash addresses.” Tether's recently published blog post about the subject says the company is waiting for instructions from law enforcement.

Tether issued a statement explaining why it is not freezing wallet addresses linked to Tornado Cash. The post Tether says it's not freezing Tornado Cash until government tells it to appeared first on The Block.

The Netherland court has announced its decision to retain Pertsev in custody.  Alleged developer of Tornado cash app must stay in jail for 90 days  Per a CoinDesk report, the alleged developer of the Ethereum mixer app Tornado Cash app must stay in jail for 90 days pending trial, the Netherland court announced its decision on Wednesday.

Matthew Green, a professor of Computer Science at Johns Hopkins University, re-uploaded the source codes of Tornado Cash (TORN) and Tornado Nova on Github, saying he has been using the code for teaching purposes and his students have built great protocols so far. The post Professor re-uploads Tornado Cash code to GitHub for research purposes appeared first on CryptoSlate.

Tether, the world's largest stablecoin by market cap, may be in violation of United States Treasury sanctions on Tornado Cash, according to the Washington Post. The post Tether may be in violation of US sanctions on Tornado Cash appeared first on CryptoSlate.

United States representative and cryptocurrency proponent Tom Emmer is asking the Department of the Treasury to explain the reason behind the recent sanctions against the Ethereum-based crypto mixer Tornado Cash. Rep.

Earlier this month, the United States Treasury sanctioned privacy-tool Tornado Cash on allegations it helped the notorious North Korean state-sponsored hacking group, Lazarus, to launder billions in crypto stolen from multiple cryptocurrency projects.