A recent tweet from Ameen Soleimani, the co-founder of SpankChain and Reflex Labs, suggests the cryptocurrency mixing service could soon make a comeback despite the legal difficulties of its creator, Tornado Cash developer Alexsey Pertsev, who is still in jail after being charged with money laundering for developing the mixing service.
One of the top decentralized autonomous organizations is MolochDAO (DAO). With the purpose of managing and coordinating money meant for Ethereum core development, it was launched in the first quarter of 2019.
The Ethereum Foundation, ConsenSys, and Vitalik Buterin, the co-creator of Ethereum, all contributed more than USD 1.5 million worth of ETH to MolochDAO in the same year, according to an announcement made by ConsenSys founder
Joseph Lubin.
The Office of Foreign Assets Control of the U.S. Department of the Treasury made the decision to penalize “Tornado Cash, which has been used to launder more than $7 billion in virtual money since its inception in 2019. The greatest recorded virtual currency theft to date included nearly $455 million taken by the Lazarus Group, a Democratic People’s Republic of Korea (DPRK) state-sponsored hacking outfit that was sanctioned by the United States in 2019.
