Tornado Cash: Co-Founder Hints at Revival Despite Controversy
One of the co-founders of SpankChain and Reflex Labs has hinted at a potential return of the Ethereum transaction mixer, Tornado Cash.
Ameen Soleimani referred to Moloch DAO’s involvement in the project’s development through a tweet, stating that there was more to come.
Tornado Cash is a transaction mixing protocol that uses various methods to obscure the source of cryptocurrencies. Still, its activities have attracted widespread scrutiny from regulators due to fears of money laundering.
In 2020, the US Office of Foreign Assets Control accused Tornado Cash of enabling Lazarus, a North Korea-linked hacking group, to launder money.
READ MORE: Edge Wallet Suffers Security Breach – 2,000 Private Keys Were Stolen
Alexey Pertsev, the developer of Tornado Cash, was arrested by Dutch authorities last summer and is still in custody, awaiting trial in April.
According to a report from 2022, $2.4 billion in Ethereum were laundered through Tornado Cash.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
