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Edward Snowden endorses legal defense fund for Tornado Cash co-founder facing money laundering charges

Edward Snowden, the whistleblower-turned-international fugitive, has endorsed the legal defense fund for Roman Storm, co-founder of the now-sanctioned cryptocurrency mixing service Tornado Cash. Storm is currently facing money laundering charges for his part in creating Tornado Cash, which was popular for allowing users to send and receive Ethereum anonymously. Snowden has asked his followers to help Storm, stating that privacy is not a crime. The fundraiser's website, called "We Want Justice DAO," has received 177 ETH, worth roughly $400,000 at current prices, and has received donations from Ethereum co-founder Vitalik Buterin and Bankless founder Ryan Adams.

Crypto industry critics: US Treasury has no authority to sanction Tornado Cash

The US presidential candidate discussed cryptocurrency-related issues in an interview. Republican presidential candidate Vivek Ramaswamy stated that in August of this year, a judge agreed with the Treasury Department's view after the department sanctioned Tornado Cash last year. Critics of the crypto industry argue that Tornado Cash is not a person but a software, and the Treasury Department has no right to sanction Tornado Cash. Ramaswamy stated that punishing the entire protocol or operation, as in the Tornado Cash case, is illegal and unconstitutional under current law, which is different from holding individual wrongdoers accountable.

Tornado Cash token plunges 56% after Binance announces delisting

Tornado Cash (TORN) token dropped 56% after the world's largest cryptocurrency exchange, Binance, announced its plan to delist the token. CoinGecko data shows that the token plummeted from nearly $4.00 to $1.66 at 2:55 PM EST.

Blockchain Association files support in suit to lift Tornado Cash sanctions

The crypto advocacy group said OFAC must act within its statutory authority by sanctioning bad actors, not open-source software tools.
Blockchain Association files support in suit to lift Tornado Cash sanctions

Blockchain Association supports lifting sanctions on Tornado Cash

On November 21st, the Blockchain Association provided new support for six plaintiffs who sued the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury for sanctioning the mixer Tornado Cash. In its amicus brief submitted to the US Court of Appeals, the association argued that OFAC's decision to approve the privacy protocol was not only illegal, but also exceeded its statutory authority, and was both "arbitrary and capricious," violating the US Constitution.

Tornado Cash Users File Appeal in Federal Court Over Sanctions

A group of Tornado Cash users have appealed a ruling upholding the United States Treasury's decision to add the cryptocurrency mixer to its list of sanctioned entities. The appeal argues that the US Treasury "stretched its authority beyond recognition" in sanctioning Tornado Cash transactions. The plaintiffs claim that smart contracts under Tornado Cash identified in the lawsuit were "immutable and ownerless" and failed to meet the US Treasury's regulatory definition of "property" subject to sanctions. The appeal also challenged Treasury's definition of "interest," claiming Tornado Cash has no "legal, equitable, or beneficial interest" in users' smart contracts. Coinbase chief legal officer Paul Grewal has publicly supported the efforts of the plaintiffs.

Six plaintiffs ask for retrial of Tornado Cash sanctions case

On November 14th, according to court documents, six plaintiffs including Joseph Van Loon, Tyler Almeida, Alexander Fisher, Preston Van Loon, Kevin Vitale, and Nate Welch have submitted a case to the Fifth Circuit Court regarding the Treasury Department's decision to sanction Tornado Cash. The case will be reviewed by the court.

Fantom Foundation Wallet Attacker Deposits 500ETH into Tornado Cash

Data tracked by CertiK shows that EOA address 0x5cD has deposited 500 ETH into Tornado Cash. This address has collected funds stolen from the wallets of Fantom Foundation employees. 0x5cD still holds 3,652.26 ETH.

Coin Center loses Tornado Cash lawsuit, plans to appeal

In November last year, the Office of Foreign Assets Control (OFAC) added Tornado Cash to its "Specially Designated Nationals or Blocked Persons" list. Coin Center subsequently filed a lawsuit against Treasury Secretary Janet Yellen over the sanctions, but the lawsuit has since been dismissed. Coin Center argued in the lawsuit that the addresses associated with the non-upgradable smart contract that constitutes Tornado Cash were not appropriate targets for sanctions. Neeraj Agrawal, Coin Center's head of communications, stated on X platform that the company intends to appeal this decision.

BH attackers have deposited stolen funds into Tornado.cash

BH attacker has deposited the stolen funds into Tornado.cash.