Binance, one of the largest cryptocurrency exchanges, has announced its decision to delist the native token of Tornado Cash, called TORN. This move comes as the value of TORN has plummeted significantly. The delisting is scheduled to begin on December 7th, with trading being halted and deposits no longer being credited. Withdrawals will be disabled after March 7, 2024. Three other assets, BitShares (BTS), PERL.eco (PERL), and Waltonchain (WTC), will also be delisted on the same schedule. The reason behind Binance’s decision to delist Tornado Cash is not explicitly stated, but it is known that Tornado Cash was sanctioned by the U.S. Treasury in August 2022 for its involvement in money laundering schemes. The platform’s co-founders were also charged with various financial crimes. Despite Binance’s actions, some industry members argue that Tornado Cash has legitimate privacy applications and have called for the Treasury to modify the sanctions.

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Information	Details
Geography	Global
Countries	🇺🇸
Sentiment	negative
Relevance Score	1
People	Roman Storm, Roman Semenov
Companies	Binance, The Blockchain Association, U.S. Department of Justice, U.S. Treasury, Tornado Cash
Currencies	BitShares, Tornado Cash, PERL.eco, Waltonchain
Securities	None