Coin Center loses Tornado Cash lawsuit, plans to appeal
In November last year, the Office of Foreign Assets Control (OFAC) added Tornado Cash to its "Specially Designated Nationals or Blocked Persons" list. Coin Center subsequently filed a lawsuit against Treasury Secretary Janet Yellen over the sanctions, but the lawsuit has since been dismissed. Coin Center argued in the lawsuit that the addresses associated with the non-upgradable smart contract that constitutes Tornado Cash were not appropriate targets for sanctions. Neeraj Agrawal, Coin Center's head of communications, stated on X platform that the company intends to appeal this decision.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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