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TORN, the native token of Tornado Cash, surged over 70% after being removed from the US sanctions list. OFAC confirmed the delisting of Ethereum wallet addresses tied to the privacy protocol. Despite legal scrutiny in 2022, a federal court ruled that Tornado Cash’s autonomous smart contracts could not be subject to sanctions. The US Treasury remains focused on preventing money laundering by North Korean cybercriminals like the Lazarus Group.
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