US Treasury removes sanctions on Tornado Cash after appellate court loss

A U.S. appeals court ruled the Treasury exceeded its authority in sanctioning the Tornado Cash crypto mixer, prompting the Treasury to remove it from the SDN list; the report notes Tornado Cash has been accused of laundering billions (with specific attributions to North Korea’s Lazarus Group and hundreds of hacks), mentions indictments and convictions of people tied to the service, and warns the Treasury will continue monitoring malicious transactions despite the legal reversal.