FEDERAL COURTS

Summary from the TLDR Crypto newsletter

The founders of Tornado Cash, the scrutinized crypto mixing service, are facing charges from the US Attorney’s Office for alleged money laundering and sanctions violations. The crypto service, a byproduct of Zcash's open-source research, has allegedly been used to launder over $1 billion in assets, some of which were linked to North Korea's Lazarus Group. This investigation, ongoing since last August when the regulators declared it illegal for US citizens to interact with Tornado Cash, has raised questions about responsibility and blame in a decentralized network, as Tornado Cash runs on immutable smart contracts.