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Tornado Cash DAO Decides to Freeze Operations After US Govt Crackdown

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Crypto project Tornado Cash had to face several severe hits during the past several weeks. Now in an interview, a team member from the project, who did not disclose identity, brought crucial insights about the ongoing development inside the project. The anonymous source told about the decision of shutting down the projects behind DAO. 

The team member said, multi-sigs decided to shut down the decentralized autonomous organization of the Tornado Cash project. He says that the project team members are out of options and they decided to calm the situation for a bit anyhow. 

While explaining in response to a question about the API causing protocols of TRM Labs including Aave, Balancer and  Uniswap for sanctioning addresses that appeared to be paired with Tornado Cash, the team member says that this way decentralization goes into vain.  

After the Tornado Cash DAO shut down the related funds were allocated back to the governance contracts that were deleted by  multisig. The team member said with the conviction that elimination of DAO could be seen as the end of the project. He added that Tornado Cash is not able to fight the United States government and authorities. 

Further the anonymous source outlined that there was nothing wrong but the whole situation regarding the incident around the world got worse. The project team wanted to safeguard the members while avoiding the legal issues and this all together resulted in the DAO shut down. This came after the situation became dangerous for all the developers behind the project  and also apart from the ecosystem of Tornado Cash project.

Additionally, the team member also confirmed during the interview that Tornado Cash co-founder – Roman Storm — was also in the search of attorneys for the past few days within  the Netherlands. 

Earlier it was also reported that Tornado Cash governance token ‘TORN’ appears to face the consequences of the project taking the severe hits. TRON trading price dropped more than 96% from it’s all time high. 

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