US Court Lifts Sanctions on This Altcoin, Price Soared!

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A US court overturned the sanctions imposed by the US Treasury Department's OFAC on the cryptocurrency mixer Tornado Cash.

According to the US District Court for the Western District of Texas, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) lifted sanctions on Tornado Cash.

After this decision, the TORN price experienced a significant increase. TORN, which has seen a rise of up to 100% in the last few hours, continues to trade at $17.7 at the time of writing.

The US Treasury Department's OFAC sanctioned the cryptocurrency mixing protocol Tornado Cash in August 2022, alleging that it assisted the North Korean Lazarus Group in laundering stolen digital assets worth 455 million dollars.

Aleksey Pertsev, the founder of Tornado Cash, was arrested in the Netherlands after Tornado Cash was blacklisted by the US Treasury Department in 2022.

At this point, last May, a Dutch court found Alexey Pertsev guilty of money laundering and sentenced him to 64 months in prison.

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