The US Treasury said investors can apply to get back funds locked in Tornado Cash.
The Treasury Department announced last month that it had imposed sanctions on Tornado Cash.
US Treasury Leads Investors
The US Treasury said in a statement today that people living in the US can apply for a license to recover their funds locked in Tornado Cash.
The U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) has updated its “frequently asked questions” section to provide guidance on how those in the crypto industry can stay compliant in the face of Tornado Cash sanctions.
Tornado Cash faced sanctions for being used by North Korean hackers for money laundering.
Tornado Cash sanctions received a great reaction from the industry on the grounds that it would also victimize those who use the platform for legal purposes. Among these reactions, the question of how users could receive their funds also had an important place. OFAC stated that a license may be requested to withdraw funds.
A group of people backed by Coinbase filed a lawsuit against the Treasury last week.
Ethereum founder Vitalik Buterin says he helped Ukraine using Tornado Cash.
