November 22, 2024

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Tornado Cash governance control set to be restored as voters approve proposal

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Tornado Cash governance control set to be restored as voters approve proposal

The governance tokenholders of Tornado Cash will soon regain control over the protocol’s operations, thanks to an unexpected proposal put forward by the attacker. This development allows the community to regain authority and steer the protocol toward recovery and improved security measures.

On May 26, the

Tornado Cash, the Ethereum blockchain-based crypto mixing service, was embroiled in controversy when it was officially sanctioned by the United States Treasury in August 2022. The sanctions stemmed from allegations that the protocol had been used for money laundering.

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