A United States Federal Court has dismissed the appeal of several Tornado Cash users who were attempting to lift sanctions on the cryptocurrency mixer.
“Plaintiffs contend that smart contracts are not property because they are incapable of being owned,” the filing states.
Disagreement on How To Define Tornado Cash
According to an Aug. 18 court filing, US District Judge Robert Pitman has determined that the penalties against cryptocurrency mixer Tornado Cash are valid. He has rejected the request of six users to lift the sanctions against Tornado Cash.
This lawsuit is in response to US authorities imposing a strict measure on Tornado Cash last year.
In August 2022, the US Department of Treasury’s Office of Foreign Assets Control (OFAC) added Tornado Cash to its Specially Designated Nationals and Blocked Persons (SDN) List.
To learn more about alternatives to Tornado Cash, read BeInCrypto’s guide: Top 8 Tornado Cash Alternatives in 2022
In light of numerous allegations of the mixer being involved in money laundering, this sanction demands that all property of Tornado Cash in the US or owned by US citizens must be reported to the OFAC.
However, the six plaintiffs, who use Tornado, believe that there is confusion over what Tornado Cash really is:
“The parties disagree on how to characterize Tornad
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Author: Ciaran Lyons
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