Seattle, Washington--(Newsfile Corp. - September 19, 2022) - KaJ Labs is a staunch supporter of cryptocurrency, fairness and justice. To that end, the Lithosphere creators and builders have expressed their willingness to support the legal defense fund for Tornado Cash developer, Alexey Pertsev. The announcement came after the U.S. Treasury's Office of Foreign Assets Control (OFAC) enacted sanctions on the Tornado Cash crypt mixing platform.
This is the first sanctioning of its kind by OFAC of an open-source code platform operating without guidelines by a corporation or other entity. The action has been criticized by multiple cryptocurrency companies.
Lithosphere (LITHO)
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The Treasury further alleges that Tornado Cash laundered more than $7 billion in digital currency since it's 2019 launch, along with $485 million stolen by hackers in the North...
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