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The Blockchain Association and the DeFi Education Fund have become the latest industry advocates to file their support of Coin Center’s lawsuit against the United States Treasury over its “unlawful” sanctions aga Tornado Cash.On June 2, the two cryptocurrency industry advocacy groups filed a joint amicus brief in support of
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“An order effectively requiring Defendants to decriminalize use of the 20 Tornado Cash addresses would allow Plaintiffs to conduct their legitimate activities with some measure of anonymity, use their preferred software tool without fear of penalties, and engage in important expressive associations,” the suit said. “Judicial relief would also serve
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Level Finance, a BNB Smart Chain-based decentralized finance (DeFi) platform, was hacked on May 2. According to on-chain data, the hacker stole over $1m worth of BNB and is now moving the funds. According to a tweet
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The governance tokenholders of Tornado Cash will soon regain control over the protocol’s operations, thanks to an unexpected proposal put forward by the attacker. This development allows the community to regain authority and steer the protocol toward recovery and improved security measures.On May 26, the proposal to restore control to
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto security firm CertiK has warned that a known wallet drainer has moved funds into sanctioned crypto tumbler Tornado Cash. In a May 27 alert, CertiK stated that two externally owned addresses (EOAs), 0x546 and 0x108, deposited
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a bid to reverse sanctions against Ethereum’s privacy service, Tornado Cash, plaintiffs question the U.S. Department of Treasury’s interpretation of property rights in smart contracts and the application of the first amendment’s free speech
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Open source software isn’t property, and current sanctions laws are ill-equipped to handle this, lawyers argue. Original Source
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The proposal looks as though it will pass when voting closes on May 26, though it's unclear when the action will be executed. However, if it does, the malicious code will be removed and the governance of Tornado Cash's DAO will go back to token holders. Source
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Lawyers for the privacy protocol developer have disputed the evidence purporting to prove links to criminal money. Source
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Just a day after an attacker sparked community-wide panic after hijacking the Tornado Cash governance, a new proposal hints at the possible restoration of the state of governance.On May 21, the passing of a malicious proposal allowed an attacker to gain complete control over Tornado Cash’s governance. With total control
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