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A Texas federal court has ruled that the U.S. Treasury Department cannot reimpose sanctions on Tornado Cash, marking a significant precedent in crypto regulation.
TORN surged by over 500% on Tuesday to hit the $40 mark after a U.S. Appeals Court overturned the sanctions placed on the mixing platform Tornado Cash.
The Tornado Cash DAO suffered an exploit over the weekend after a hacker used a malicious proposal to take over the DAO.
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Our writers are under heavy pressure right now, but please rest assured that a review of Tornado Cash Token will follow here as soon as possible.