Hello! The Tornado Cash case has been on the table since the US Treasury Department sanctioned the protocol and several of the accounts that interacted with the mixer were banned. Given the sanctions, several companies such as Circle and dxdy have decided to blacklist wallets that have coins from Tornado Cash. In
Circle, they have also frozen the USDC funds of the 38 addresses marked by the treasury department.
Now the MakerDAO protocol is considering separating from USDC. Project founder Rune Christensen expressed his intention to submit a formal proposal to reduce his exposure to USDC as DAI collateral:
“I think we should seriously consider preparing to unpeg from the USD… It is almost inevitable that it will happen and it is only realistic to do so with a lot of preparation beforehand.”
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This post was also published in read.cash by me, The Crazy Dude
