The US government's decision regarding Tornado Cash, a cryptocurrency mixer, has been reversed. Initially sanctioned for allegedly facilitating money laundering, it's now been cleared to operate again. This decision has sparked debate, with some praising increased privacy and others raising concerns about potential misuse.
- Tornado Cash mixes cryptocurrency to hide transaction origins.
- It was sanctioned in 2022 for allegedly laundering billions, including funds from North Korean hackers.
- A court ruled the sanctions may have been unlawful, and usage continued despite the ban.
- The recent reversal allows it to function legally in the US again.
| Fact | Details |
|---|---|
| Sanctioned Amount | Over $7 billion |
| Stolen Funds (allegedly) | Nearly $500 million |
| Court Ruling | Treasury overstepped legal authority. |
