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Multi-Signature Wallet Tornado Cash Dissolves Amid US Sanctions

NFT, crypto
Published 2 years ago
ID #1840
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Multi-Signature Wallet Tornado Cash Dissolves Amid US Sanctions
NFT, crypto,
Published 2 years ago

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The Tornado Cash community created a fund to incentivize the main collaborators of the project.

The fund was held in a community managed multi signature wallet with five members chosen by their peers validating transactions and selected for their contributions to the project.

After the United States government sanctioned the USD Coin - USDC and Ethereum addresses associated with the cryptocurrency mixer Tornado Cash, the managers of the project's community fund multi-signature wallet have decided to delegate their functions.

Because interacting with Tornado Cash now carries more risks including penalties for US citizens ranging from fines of up to $10 million to prison terms of up to 30 years, the community members in charge of the fund have left their posts and ceded control to the decentralized autonomous organization - DAO of the project.

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Wallet Tornado

Tornado Cash

Cash Sanctions
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    micaela
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    micaela
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    NFT, crypto
    Wallet Tornado Cash Sanctions USA
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