‘Historic Win for Crypto’: Tornado Cash Sanctions Lifted, Token Skyrockets 430%
A federal appeals court has concluded that the U.S. Treasury Department acted beyond its authority by sanctioning Tornado Cash, a cryptocurrency mixer connected to North Korean hacking activities. In 2022, the OFAC sanctioned Tornado Cash for allegedly laundering over $7 billion in cryptocurrency, including $455 million from North Korean hacking groups. A U.S. appeals court…