Was tornado cash hacked?

On August 8th, the popular Ethereum smart-contract mixer Tornado Cash was sanctioned by the U.S. Treasury’s Office of Foreign Assets Control (OFAC) for its role in laundering over $455 million worth of cryptocurrency stolen by the North Korean-linked hacking organization Lazarus Group.

Is tornado cash a good investment?

Tornado Cash was recently sanctioned by the US Department of Treasury. Privacy is a key objective of many crypto proponents. And it’s one of the features that makes the asset class attractive to some investors. If this principle can’t be guaranteed, some say crypto’s utility becomes questionable.

Is tornado cash a relayer?

Although Tornado Cash: Governance and the TORN token contract are parts of the Tornado Cash software ecosystem, neither was added to OFAC’s SDN List. As previously mentioned, “relayers” are independent operators that provide an optional service for Tornado Cash users.

Why was tornado cash sanctioned in 2022?

On August 7, 2022, the U.S. Treasury sanctioned Tornado Cash for allegations of repeatedly failing to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a regular basis.