Why OFAC Delisted Tornado Cash

Quick Summary:

The Treasury Department may not have had any choice but to remove its designation of the crypto mixer.

Tron's Justin Sun Bailed Out TUSD as Stablecoin's $456M Reserves Were Stuck in Limbo, Filings Show: Justin Sun loaned Techteryx nearly $500 million after the company lost access to its reserves' liquidity through what Sun and Techteryx allege are mismanagement by First Digital Trust, the Hong Kong-based fiduciary managing the TrueUSD reserves, legal documents claim.

Last week, 404 Media reports, some parents found they were unable to track their own kids but did receive the location data for other kids.(The New York Times) The Times reported on a Ponzi scheme that used crypto promises to sucker a large number of people in an Argentinian town.

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Article Details

Author / Journalist: Nikhilesh De

Category: Crypto

Markets: United StatesCubaHong KongOman

Topics: State of Crypto Policy Newsletters

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-05 @ 13:30:00 (1 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 1318 words

Reading Time: 8 minutes read

Sentences: 43 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 27602126

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About CoinDesk

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 5 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 21 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #8

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