Representatives of the Tornado Cash protocol, designed to mix Ethereum transactions, announced the start of blocking access to their application to users under sanctions. Chainalysis provided the developers of the project with information about the address that was involved in hacking the Ronin Network. Now the hacker will not be able to withdraw funds using the privacy service.
The startup team noted that maintaining financial anonymity is necessary, but this does not mean that the service should be used to launder stolen funds. Sanctioned addresses will not be able to interact with the Tornado Cash interface from April 15, 2022.
From now on, the protocol will use the Chainalysis oracle contract to block accounts authorized by the Office of Foreign Assets Control (OFAC) as fraudulent. It became known that since March 10, 2022, only three addresses have been added to this list, but it will be replenished.
Tornado Cash specialists assured that funds associated with the Ethereum address 0x098B716B8Aaf21512996dC57EB0615e2383E2f96 (hacker Ronin) will no longer be able to mix on their platform.
Tornado Cash has historically prided itself on its censorship-resistant nature, the company said, but recent developments and non-compliance with regulatory requirements have drawn public criticism. After that, the development team decided to make changes. According to the management, the company’s policy is not to provide services to criminals.
Earlier edition informed that cybersecurity analysts from CertiK said that the most successful hacker in the history of DeFi, who hacked Ronin, withdrew more than $110 million from his wallet. According to experts? in 11 days, he transferred $20.72 million to trading platforms, and sent another $89.94 million to the Tornado Cash protocol.