Tornado Cash Can’t Fight US, Multi-Sig Wallet Removed
According to a member of the Tornado Cash team, they cannot resist US sanctions, their DAO has removed the multi-sig wallet, it is the best way to protect members and avoid legal issues.
Tornado Cash DAO removed multi-sig wallet
According to CryptoSlate spoke exclusively with a member of the Tornado Cash team who has been granted anonymity for their own protection and will be referred to as “TC Member” for the sake of this article. This platform’s contributor told CryptoSlate’s Akiba that “multi-sigs shut down the DAO… we’re all out. Better safe than sorry, unless it all calms down a bit.”
As updated in previous Coincu News articles, the TRM Labs API causes protocols like Aave, Uniswap, and Balancer to penalize addresses associated with this platform. Asked about this issue, the interviewee shared “there goes decentralization” in what they described as a “shitty situation”.
The removal of many DAO signs suggests that this could be the end for Tornado Cash.
“DAO funds have been returned to Governance contracts, multisig deleted.”
“Multisgs shut down the DAO… Tornado Cash can’t fight the U.S.”
TC Member asserted that “nobody did anything wrong… [the] world is fucked up” about the incident. They confirmed that the DAO was shut down “to keep members safe and avoid legal issues” as the situation is “dangerous for all devs,” even those outside the Tornado Cash ecosystem.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Foxy
CoinCu News
Author
News
Tornado Cash Can’t Fight US, Multi-Sig Wallet Removed
According to a member of the Tornado Cash team, they cannot resist US sanctions, their DAO has removed the multi-sig wallet, it is the best way to protect members and avoid legal issues.
Tornado Cash DAO removed multi-sig wallet
According to CryptoSlate spoke exclusively with a member of the Tornado Cash team who has been granted anonymity for their own protection and will be referred to as “TC Member” for the sake of this article. This platform’s contributor told CryptoSlate’s Akiba that “multi-sigs shut down the DAO… we’re all out. Better safe than sorry, unless it all calms down a bit.”
As updated in previous Coincu News articles, the TRM Labs API causes protocols like Aave, Uniswap, and Balancer to penalize addresses associated with this platform. Asked about this issue, the interviewee shared “there goes decentralization” in what they described as a “shitty situation”.
The removal of many DAO signs suggests that this could be the end for Tornado Cash.
“DAO funds have been returned to Governance contracts, multisig deleted.”
“Multisgs shut down the DAO… Tornado Cash can’t fight the U.S.”
TC Member asserted that “nobody did anything wrong… [the] world is fucked up” about the incident. They confirmed that the DAO was shut down “to keep members safe and avoid legal issues” as the situation is “dangerous for all devs,” even those outside the Tornado Cash ecosystem.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Foxy
CoinCu News
Other Posts
Related Posts
News
