Tornado Cash DAO Shuts Down Because It Can’t Fight the US and Keeps Shareholders Safe
CryptoSlate spoke exclusively with a member of the Tornado Cash Team who has been granted anonymity for protection and will be referred to as a “TC Member” for the sake of this article. Tornado Cash contributor Akiba of CryptoSlate told CryptoSlate that “Multiple operations shut down DAO… We all got out. Better safe than sorry, unless everything calms down a bit.”
Tornado Cash DAO Multi-Signature Wallet Deleted.
When asked about the TRM Labs API that causes protocols like Aave, Uniswap, and Balancer to address penalties associated with Tornado Cash, the TC member declared “there is decentralization” in what they described as a “bad situation.”
After Tornado Cash DAO closed, “DAO funds were returned to governance contracts, and multisig was deleted.” The removal of the DAO mult-sig indicates that this could be the end of Tornado Cash, the TC member confirmed. While making it clear that this is only their opinion, the TC member reaffirmed it
“Multisgs Shut Down DAO… Tornado Cash Can’t Fight US”
The TC member emphasized that “no one has done anything wrong… [the] The world is turbulent” about the incident. They emphasized that the DAO has been closed down “to keep members safe and avoid legal issues” because the situation is “dangerous for all developers,” even those outside the Tornado Cash ecosystem.
Six degrees of a cash hurricane is something. Even crazier, while only 0.03% of addresses received ETH from a cash cyclone, nearly half of the entire ETH network is just two hops from a cash receiver in a hurricane. pic.twitter.com/LDU9g0r7tQ
– ElBarto_Crypto (@ElBarto_Crypto) August 13, 2022
Alexei Bertsev arrested
The member of the main shareholders also confirmed that they believe Roman Storm, co-founder of Tornado Cash, was looking for lawyers in the Netherlands “a few days ago”, “a must have for Alexei”. The information came to the knowledge of the TC member prior to the arrest, which indicates that Alexei may have known what was coming.
The mood of the TC member was despondent as they admitted that they needed a time off after their annoying last week. The future of Tornado Cash looks very bleak as the TORN token is down 20% on the day. The role of TORN governance token is now known due to the closure of the DAO and the deletion of the multi-signature wallet.