Why Sanctions on This Crypto Platform’s Founders Pose an Existential DeFi Threat

There’s a lot at stake in the growing legal morass around Tornado Cash and its founders. — There’s a lot at stake in the growing legal morass around Tornado Cash and its founders.
Photographer: Luke MacGregor/Bloomberg

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By Emily Nicolle

August 24, 2023 at 9:00 PM UTC

In this issue of the Bloomberg Crypto newsletter, Emily Nicolle explains why Tornado Cash’s deepening legal dilemma matters to all of DeFi:

A new controversy has hit crypto, and specifically the world for decentralized finance.