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Cryptocurrency News

Tornado Cash community fund multisignature wallet disbands amid sanctions

08/16/2022

Less than a minute

2022.08.16 07:46

Following the United States sanctioning USD Coin (USDC) and Ethereum addresses associated with the crypto mixer Tornado Cash, the signatories of the projects’ multisignature community fund havedisbanded.

In 2021, the Tornado Cash community created a fund to provide incentives to key contributors to the project. The fund was held in a community-managed multisignature wallet with five peer-elected members validating transactions who were selected because of their contributions to the project.

Source

08/16/2022

Less than a minute