On Monday, Coin Center said the US Treasury Department had overstepped its mandate when it approved mixing service Tornado Cash, vowing to redress on the matter. The group says it wants to “attach” the Office of Foreign Assets Control and is considering a court challenge.
treasury restrictions
The organization says the Treasury Office of Foreign Assets Control has wrongly approved multiple cryptocurrency addresses that are not individuals or entities, but home computers, arguing that the move raises concerns about due process. and reflects the rights of the First Amendment.
“How can it be appropriate to add to the sanctions list, not a person or property of a person, but an automated protocol that is not under anyone’s control?” The statement said.
tornado cash blacklisted
In August, OFAC blacklisted Tornado Cash’s website and several digital-currency addresses allegedly linked to its mixing service, which the Treasury says were responsible for the theft of more than $455 million by North Korea. is being used.
Coin Center said Tornado Cash’s website and certain addresses could be suitable targets for sanctions if the Treasury is able to identify a specific entity or the individuals controlling it. The group said the decision on whether or not that standard has been met in this case is reserved, as the facts are not fully available to the public.
“There is potentially an entity called Tornado Cache that is controlled by certain individuals, and some Ethereum addresses in web addresses and notices can be thought of as pseudonyms for that entity or, alternatively, as assets of it. could be,” the statement said.
Treasury bans other sites
But unlike the designation of mixing service Blender.io and related individuals, which were approved earlier this year, Treasury targeted the software itself, as many of the blacklisted addresses are mixer code addresses, the Coin Center argued. .
“They are addresses at which the user can find software logic that, given the appropriate input, will execute and compound the coins for the users,” the statement said. CoinCenter argued that the software logic is “entirely different from the entity identified as Tornado Cache”.
It is reported that the application was installed on the Ethereum network in such a way that its installer no longer has control over it and customers are given the opportunity to choose the application.
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