TORN price sinks 45% after U.S. Treasury sanctions Tornado Cash — Rebound ahead?

2022.08.11 03:21

TORN price sinks 45% after U.S. Treasury sanctions Tornado Cash — Rebound ahead?

Tornado Cash (TORN) has lost almost half its market valuation two days after being slapped with sanctions by the U.S. Treasury Department.

The department accused Tornado Cash, a crypto mixer platform, of laundering more than $7 billion in cryptocurrencies, including a stash of $455 million allegedly stolen by North Korea-based hackers.

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