The exchange paid the legal costs of two of its employees and 4 other traders who decided to file a lawsuit against OFAC.
This is one of the departments of the US Department of the Treasury that oversees foreign assets. On August 8, based on his decision, the Tornado Cash cryptomixer was sanctioned and stopped working.
The claimants are sure that the Ministry of Finance got into something other than its own business and exceeded its authority. The lawsuit states that Tornado Cash is a legitimate business offering honest crypto transactions.
Earlier, the head of the exchange, Brian Armstrong, wrote about his support for the exchange on Twitter. Coinbase then asked OFAC to note the sanctions. It didn't lead to anything. And now, the court.
Let's see how the battle for the decentralization of the cryptosphere ends!
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