Tornado Cash DAO shuts down as it seeks to save itself due to inability to fight the US
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A member of the Tornado Cash team said the Tornado Cash DAO had been shut down because it was "unable to compete with the United States" and contributors were afraid of being sued.
CryptoSlate exclusively interviewed a member of the Tornado Cash team, who asked to remain anonymous due to security concerns, and will be referred to as a "TC member" throughout this article. A Tornado Cash contributor told CryptoSlate, "Multi-signature (multisig) has shut down the DAO... We've done everything we can to prevent it from happening, unless everything calms down." The Tornado Cash DAO multisig wallet has been removed.Tornado DAO Previously Sponsored Proposals to Fight U.S. Treasury SanctionsTornado DAO Previously Sponsored Proposals to Fight U.S. Treasury Sanctions
, suggesting that the DAO raise funds on behalf of Tornado Cash and hire a legal team to fight the sanctions. The proposal also calls on Tornado DAO to launch a legal challenge to the U.S. Supreme Court if necessary.
When asked about TRM Labs’ API causing protocols like Aave, Uniswap, and Balancer to sanction Tornado Cash-related addresses, the TC member stated that “in a bad case, decentralization is over.”
TC members claim that "nobody does anything wrong, the world really sucks". They confirmed that the shutdown of the DAO was done “for the safety of members to avoid legal issues” as the situation was “dangerous for all developers,” even those outside the Tornado Cash ecosystem.
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Tornado Cash developer Alexey Pertsev arrestedThe TC members also stated that they believe that Tornado Cash co-founder Roman Storm was looking for a lawyer in the Netherlands "a few days ago", "definitely for Alexey". Information known to members of the TC prior to his arrest suggested that Alexey may have known what was about to happen. Recently, the Dutch Fiscal Information and Investigation Service (FIOD)Arrest of Alexey in Amsterdam
, claiming that it is suspected of being involved in the development of Tornado Cash, concealing the flow of criminal funds, and facilitating money laundering.
