Krutika Adani
In a bid to comply with US sanctions, OKX CEO has warned its users that those linked with the Tornado Cash platform will see their accounts forcibly liquidated.
This new thrust towards compliance against Tornado Cash has been unprecedented in Web3’s history.
Tornado Cash was sanctioned by the US Government to have helped people evade sanctions on Russia.
Tornado Cash was banned in the US due to its alleged involvement in contravention of US Sanctions as well as its alleged involvement in
OKX seems to have traded the core principle of censorship resistance to avoid a Binance-style manhunt. This raises questions on whether CEXs are really a part of Web3.