Can tornado cash users recover their funds?

Over a month after placing the Ethereum coin-mixing tool Tornado Cash under sanctions, the U.S. Treasury Department announced a way for Tornado Cash users to recover their funds on Tuesday. See related article: Tether says didn’t freeze sanctioned Tornado Cash addresses so as to not interfere in investigations

Is tether blacklisting tornado cash accounts?

According to a Washington Post analysis of data from Dune Analytics, a crypto intelligence firm, Tether is not blacklisting accounts associated with Tornado Cash. So far, the U.S. government has not taken action.

Did Treasury overstep tornado cash?

But crypto executives largely agree that Treasury overstepped with its Aug. 8 announcement against Tornado Cash, which they frame as an unprecedented targeting of computer code, rather than a person or entity typically on the receiving end of sanctions.

Is tether in violation of Treasury's new rules?

One crypto company that has attracted scrutiny from U.S. regulators and law enforcement in the past, Tether, may be in violation of Treasury’s new rules. According to a Washington Post analysis of data from Dune Analytics, a crypto intelligence firm, Tether is not blacklisting accounts associated with Tornado Cash.