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Tornado Cash Co-founder Reports Being Kicked Off GitHub as Industry Reacts To Sanctions

Tuesday August 9, 2022. 04:00 PM , from Slashdot
Roman Semenov, one of the co-founders of Tornado Cash, has reported his account was suspended at the developer platform, GitHub, following the United States Treasury Department's sanctioning of the privacy protocol. From a report: In a Monday tweet, Semenov said that despite not being individually named as a Specially Designated National, or SDN, of Treasury's Office of Foreign Asset Control, he seemed to be facing repercussions from the Treasury alleging Tornado Cash had laundered more than $7 billion worth of cryptocurrency. As SDNs, identified firms and individuals have their assets blocked and 'U.S. persons are generally prohibited from dealing with them.'

Being identified as an SDN would seemingly include any contact for business purposes, which could extend to associations on GitHub. According to a joint statement from the Federal Financial Institutions Examination Council and Office of Foreign Asset Control, prohibited transactions could be interpreted to include 'downloading a software patch from a sanctioned entity.' Semenov called the move to suspend his account 'a bit illogical.' However, U.S. residents have been effectively barred from using the crypto mixer, given its alleged failure 'to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a regular basis and without basic measures to address its risks,' according to Brian Nelson, Under Secretary of the Treasury for Terrorism and Financial Intelligence.

Read more of this story at Slashdot.
https://developers.slashdot.org/story/22/08/09/1246224/tornado-cash-co-founder-reports-being-kicked-...
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