News

Tornado Cash Can’t Fight US, Multi-Sig Wallet Removed

According to a member of the Tornado Cash team, they cannot resist US sanctions, their DAO has removed the multi-sig wallet, it is the best way to protect members and avoid legal issues.

Tornado Cash DAO removed multi-sig wallet

According to CryptoSlate spoke exclusively with a member of the Tornado Cash team who has been granted anonymity for their own protection and will be referred to as “TC Member” for the sake of this article. This platform’s contributor told CryptoSlate’s Akiba that “multi-sigs shut down the DAO… we’re all out. Better safe than sorry, unless it all calms down a bit.”

As updated in previous Coincu News articles, the TRM Labs API causes protocols like Aave, Uniswap, and Balancer to penalize addresses associated with this platform. Asked about this issue, the interviewee shared “there goes decentralization” in what they described as a “shitty situation”.

The removal of many DAO signs suggests that this could be the end for Tornado Cash.

“DAO funds have been returned to Governance contracts, multisig deleted.” 

“Multisgs shut down the DAO… Tornado Cash can’t fight the U.S.”

TC Member asserted that “nobody did anything wrong… [the] world is fucked up” about the incident. They confirmed that the DAO was shut down “to keep members safe and avoid legal issues” as the situation is “dangerous for all devs,” even those outside the Tornado Cash ecosystem.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Foxy

CoinCu News

Victor

Recent Posts

Bitdeer Convertible Notes Worth $360 Million Offered for Expansion Efforts

The Bitdeer convertible notes offer a 42.5% conversion premium, allowing conversion into cash with the…

13 minutes ago

Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets

Grand Cayman, Cayman Islands, 22nd November 2024, Chainwire

37 minutes ago

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

2 hours ago

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

4 hours ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

4 hours ago

Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!

XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…

4 hours ago

This website uses cookies.