128
US removes sanctions against Russian crypto service facilitating sanctions circumvention
(www.pravda.com.ua)
this post was submitted on 22 Mar 2025
128 points (100.0% liked)
World News
864 readers
327 users here now
Rules:
- Be a decent person
- No spam
- Add the byline, or write a line or two in the body about the article.
Other communities of interest:
founded 5 months ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Here is a reddit thread and an article that give a little more context. Governance (voting based on how many TORN tokens you had) was only over the non-immutable parts of the project (like the domain for the website), which were all replaceable and not strictly needed to use it. TORN was initially airdropped to wallets that had used Tornado Cash previously in a one-time event, they then mostly sold it on the market. TORN tokens weren't needed to actually use TC, and the money was coming from a separate group of people trying to invest, rather than users.
So I guess it could be fair to say the project as a whole got hacked, but I think it's a crucial detail that the smart contracts under legal scrutiny in the sanctions case here, the ones that had user's money-to-be-anonymized in them, were not.