The U.S. Treasury Department acted outside its authority when it sanctioned cryptocurrency mixer Tornado Cash in 2022 and accused it of helping launder over $7 billion for North Korean hackers and other malicious cyber actors,

A U.S. court has recently made a significant ruling that overturned the U.S. government’s sanctions against Tornado Cash, a cryptocurrency mixing service. The case centers around whether the U.S. Treasury Department had the legal authority to impose these sanctions on Tornado Cash,

The price of TORN soared over 418% after a federal court ruled that sanctions on Tornado Cash must be abandoned.

A U.S. Appeals Court has ruled that Tornado Cash can't be blocked in the country and the Treasury Department's OFAC committed overreach when it sanctioned the crypto mixing tool.