Tornado Cash is designated as the first target of an OFAC action against a decentralized platform.

Tornado Cash sanction

OFAC Designates Tornado Cash in First Action Against On August 8, 2022, The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against Tornado Cash, a decentralized digital asset mixer. This is the first time OFAC has targeted an on-chain decentralized protocol. OFAC announced that Tornado Cash was used to launder … Read more