TechFlow reports that on March 21, according to an update from the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) to its Specially Designated Nationals List (SDN), several Ethereum addresses associated with Tornado Cash have been removed from the sanctions list.
The update specifically mentioned the Tornado Cash website and multiple linked Ethereum wallet addresses. Tornado Cash is an Ethereum-based mixing protocol that enables users to conduct anonymous transactions. It was previously sanctioned by the U.S. Department of the Treasury for allegedly facilitating money laundering activities, including those linked to North Korean hackers.
Following the announcement, Tornado Cash’s token TORN surged by 40% within minutes.
