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News

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

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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.

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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 β€œTC Member” for the sake of this article. This platform’s contributor told CryptoSlate’s Akiba that β€œmulti-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 β€œthere goes decentralization” in what they described as a β€œshitty situation”.

tornado cash

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

β€œDAO funds have been returned to Governance contracts, multisig deleted.” 

β€œMultisgs shut down the DAO… Tornado Cash can’t fight the U.S.”

TC Member asserted that β€œnobody did anything wrong… [the] world is fucked up” about the incident. They confirmed that the DAO was shut down β€œto keep members safe and avoid legal issues” as the situation is β€œdangerous for all devs,” even those outside the Tornado Cash ecosystem.

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