Tornado Cash community fund multisignature wallet disbands amid sanctions
Cointelegraph
Published Aug 15, 2022 08:04AM ET
Updated Aug 15, 2022 04:40PM ET
Following the United States sanctioning USD Coin (USDC) and Ethereum addresses associated with the crypto mixer Tornado Cash, the signatories of the projects’ multisignature community fund havedisbanded.
In 2021, the Tornado Cash community created a fund to provide incentives to key contributors to the project. The fund was held in a community-managed multisignature wallet with five peer-elected members validating transactions who were selected because of their contributions to the project.
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Written By: Cointelegraph
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