Ethereum [ETH], as of 14 October, witnessed a never-seen-before surge in censorship as over 50% blocks created over the past day. These blocks came under the purview of the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) following compliance recommendations.
Source: MEV Watch
The development meant that more than half of the blocks developed during this period were delivered by relays. These relays can be considered as those that ceased facilitating transactions over Tornado Cash. Furthermore, the relay or tool was an open-source, non-custodial, fully decentralized cryptocurrency tumbler that ran on Ethereum Virtual Machine-compatible networks.
In August 2022, OFAC recommended and urged Americans to abstain from using Tornado Cash and cryptocurrency ecosystems. However, post the Merge, the emergence of MEV Boost led to a rise of OFAC-compliant blocks.
Maximal extractable value or MEV are rewards received by validators once they reorder transactions over a block. An...
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