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Tornado Cash DAO shuts down since it cant fight the united states and keep contributors safe

Tornado Cash DAO shuts down as it “can’t fight the US” and keep contributors safe Tornado Cash DAO shuts down since it cant fight the united states and keep contributors safe Liam ‘Akiba’ Wright 4 hours ago 2 min read

In accordance with an associate of the Tornado Cash team, the DAO has been turn off since it “can’t fight the united states” and contributors are scared to be prosecuted

2 min read

Updated: August 13, 2022 at 9: 34 pm

Tornado Cash DAO shuts down as it “can’t fight the US” and keep contributors safe

Cover art/illustration via CryptoSlate

CryptoSlate spoke exclusively with an associate of the Tornado Cash team who has been granted anonymity for his or her own protection and you will be known as TC Member with regard to this short article. The Tornado Cash contributor told CryptoSlates Akiba that multi-sigs turn off the DAO were all out. Better safe than sorry, unless everything calms down a little.

Tornado Cash DAO multi-sig wallet deleted.

When asked concerning the TRM Labs API causing protocols such as for example Aave, Uniswap, and Balancer to sanction addresses associated with Tornado Cash, TC Member declared there goes decentralization in what they referred to as a shitty situation.

Following a closing of the Tornado Cash DAO, DAO funds have already been returned to Governance contracts, multisig deleted. Removing the DAO multi-sig indicates that could be the end for Tornado Cash, as TC Member confirmed. While clarifying that is their opinion, TC Member reaffirmed that

Multisgs turn off the DAO Tornado Cash cant fight the U.S.

TC Member asserted that nobody did anything wrong [the] world is fucked up concerning the incident. They confirmed that the DAO was turn off to help keep members safe and steer clear of legal issues because the situation is dangerous for several devs, even those beyond your Tornado Cash ecosystem.

Six levels of tornado cash is really a thing. Even crazier, while only 0.03% of addresses received ETH from tornado cash, almost half the complete ETH network is two hops from the tornado cash receiver. pic.twitter.com/LDU9g0r7tQ

ElBarto_Crypto (@ElBarto_Crypto) August 13, 2022

Arrest of Aleksei Pertsev

TC Member also confirmed they believe Roman Storm, Co-Founder of Tornado Cash, wanted attorneys in holland a couple of days ago, which should be for Aleksey. The info found TC Members knowledge prior to the arrest indicating that Aleksey might have been aware of that which was coming.

The overall mood of TC Member was despondent because they admitted they needed a secondary following the troubling past week. The continuing future of Tornado Cash looks extremely gloomy as its TORN token is down 20% on your day. The role of the TORN governance token happens to be as known because of the DAO being closed and the multi-sig wallet deleted.

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