Tornado Watch: Popular Cryptocurrency Mixer “Tornado Cash” Dealt Two Major Blows in a Week

Tornado Cash, a cryptocurrency mixer, recently suffered two major setbacks in federal regulatory efforts to block its use and prosecute its founders. First, a federal district court threw out a lawsuit challenging the designation by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) of Tornado Cash as a blocked foreign person……
By: Dechert LLP