💨 Abstract

The U.S. Treasury has lifted sanctions against Tornado Cash, a cryptocurrency mixer accused of laundering over $7 billion for cyber hackers including North Korea's Lazarus group. Six users of Tornado Cash challenged the sanctions in court, with backing from Coinbase. A U.S. appeals court found OFAC overstepped its authority, but the sanctions remained in place until now.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖