A US court has overturned the sanctions placed on cryptocurrency mixer Tornado Cash by the US Treasury Department's Office of Foreign Assets Control (OFAC). The court ruling has resulted in a significant increase in the price of TORN, which has surged by up to 100%. The OFAC had imposed sanctions on Tornado Cash in August 2022, accusing it of assisting North Korea's Lazarus Group in laundering stolen digital assets worth $455 million. Following the sanctions, the founder of Tornado Cash, Aleksey Pertsev, was arrested in the Netherlands and sentenced to 64 months in prison for money laundering.



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