Twister Money is secure from US sanctions, says courtroom
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Crypto mixer Twister Money can now not be relisted on the US Treasury’s Workplace of Overseas Belongings Management (OFAC) sanctions record following a Texas courtroom ruling on Monday.
The Treasury added Twister Money to the record in 2022 and claimed it helped launder $7 billion price of funds from the likes of North Korea’s Lazarus group. Then, after years of courtroom proceedings, it was faraway from the record final month.
It was then argued by the Treasury that the case was “moot” and didn’t require additional ruling, opening up the potential for Twister Money being relisted.
Nevertheless, yesterday the US District Court docket for the Western District of Texas rejected the Treasury’s argument, and mentioned that it could have sought to “‘reenact precisely the same [designation]’ in the future.”
After the fifth Cir. dominated towards the federal government in November, it repeatedly tried to keep away from entry of a ultimate judgment within the Twister Money case. It requested the Court docket TWICE for lengthy delays earlier than claiming the case was moot (with no ultimate judgment wanted) b/c that they had chosen to take away… pic.twitter.com/pSDsnWawo8
— paulgrewal.eth (@iampaulgrewal) April 28, 2025
Coinbase’s Chief Authorized Officer referred to as the Treasury’s arguments “nonsense.”
Choose Robert Pitman mentioned, “Rather than acknowledge that the Fifth Circuit’s order required delisting Tornado Cash, Defendants state that they exercised their ‘discretion’ in deciding to do so based on more general policy and legal considerations.”
As a part of the ruling, he up to date amendments that left the Treasury “permanently enjoined” from implementing the sanction and deeming its earlier enforcement “unlawful.”
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