
The New York Federal Reserve has released a report indicating mixed results from the sanctions imposed on Tornado Cash, a cryptocurrency mixing service. While the sanctions have led to a reduction in transactions and user diversity, the anonymity pools of Tornado Cash remain significant. Despite the sanctions, some Ethereum block builders continue to process transactions for philosophical reasons. The report also assesses the impact of OFAC's blacklist on Tornado Cash. In response to these developments, OKX, a cryptocurrency exchange, has announced a strict policy against accounts interacting with Tornado Cash. OKX CEO Star Xu stated that any accounts found to be involved with Tornado Cash or other sanctioned entities like Garantex will be terminated as part of their new compliance strategy.
#ICYMI: OKX CEO warns users about Tornado Cash compliance risks Read the full article 👇 https://t.co/uwecN0eoxQ https://t.co/bQdZESoego
OKX enforces actions against accounts interacting with Tornado Cash 🌪️ Find out why👇 https://t.co/jGkoZ1nNnZ
.@okx CEO warns users about Tornado Cash compliance risks via @hardeyjumoh https://t.co/6pjMbOGcl6