Tornado Cash mixing service is now blacklisted in US

[bbc.reporter]

On Tether, this is an admirable act from them, however, this is risky for the cryptospace because the US treasury department might be given a reason to sanction them before law enforcement instruction can be given. This is only another speculation but it might presently be safer to hold another type of stablecoin or only hold bitcoin.



Tether Holds Firm on Decision Not To Freeze Tornado Cash Addresses, Awaits Law Enforcement Instruction

Tether works closely with law enforcement worldwide to assist in investigations, including freezing addresses. We are in almost daily contact with key law enforcement officers and pride ourselves on the timeliness with which we respond to their requests. When Tether receives an applicable/legitimate request from a verified law enforcement agent to freeze a privately held wallet, the Company complies with the freeze (we do not freeze wallets of exchanges/services).

Source https://tether.to/en/tether-holds-firm-on-decision-not-to-freeze-tornado-cash-addresses-awaits-law-enforcement-instruction/

[bbc.reporter]

According to this Dune analytics dashboard page by a user called @phabc, Tether has banned 716 addreses already with $420 million of USDT held by the addresses in total. Circle has banned 82 addresses with $4 million held in total.

We can use this information if there are updates on Tether and if Paolo will wait for instruction from the government concerning funds that came from Tornado Cash.

https://dune.com/phabc