OFAC’s Tornado Cash Ban Causes Github Suspensions and the Blacklisting of Crypto Addresses Holding $437M

On August 8, the ethereum mixing service Tornado Cash, and all the crypto addresses associated with the platform, were officially banned by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC). Following the ban, the internet hosting service for software and open source code development, Github, erased some of the Tornado Cash commits and […]

OFAC’s Tornado Cash Ban Causes Github Suspensions and the Blacklisting of Crypto Addresses Holding $437M
OFAC's Tornado Cash Ban Causes Github Suspensions and the Blacklisting of Crypto Addresses Holding $437M

On August 8, the ethereum mixing service Tornado Cash, and all the crypto addresses associated with the platform, were officially banned by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC). Following the ban, the internet hosting service for software and open source code development, Github, erased some of the Tornado Cash commits and suspended some of the project’s contributors.

Tornado Cash Github Contributors Suspended from Github, Blacklisted ERC20s Left to Liquidity Providers

Tornado Cash has become a topical conversation in the world of cryptocurrencies as the U.S. government decided to ban the privacy-enhancing ethereum mixing service on Monday. The U.S. Treasury Department’s watchdog OFAC did not disclose exactly why Tornado Cash was sanctioned but it is suspected that it was due to the North Korean hacking syndicate known as Lazarus Group.