Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Tornado Cash plummeted 56% after Binance announced it was delisting the token.
ADOPTION NEWS

Tornado Cash plummeted 56% after Binance announced it was delisting the token.

By Crypto FlexsNovember 27, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Tornado Cash plummeted 56% after Binance announced it was delisting the token.
Share
Facebook Twitter LinkedIn Pinterest Email

Tornado Cash fell 56% on Monday after Binance, the world’s largest cryptocurrency exchange, announced it would delist Tornado Cash.

The token plunged from about $4.00 to $1.66 at 2:55 PM ET, according to CoinGecko.

“We regularly review each digital asset we list to ensure that it continues to meet the high standards we expect,” Binance said in a post. “If a coin or token no longer meets these standards or the industry changes, we will conduct a more in-depth review and potentially delist it. We believe this best protects all users.”

Binance said it plans to delist Tornado Cash along with BitShares, PERL.eco, and Waltonchain tokens on December 7. BitShares was down about 44% on Monday, while Waltonchain was down about 59%. PERL.eco also According to CoinGecko, it is down 59%.

Tornado Cash co-founder Roman Storm pleaded not guilty in New York District Court in September. After he and fellow co-founder Roman Semenov were indicted on money laundering conspiracy charges. Prosecutors called Tornado Cash a “notorious cryptocurrency mixer who laundered more than $1 billion in criminal proceeds and violated U.S. sanctions.”

Last week, Binance agreed to a historic settlement with U.S. authorities that saw the cryptocurrency exchange pay $4.3 billion in fines and forfeitures after pleading guilty to felonies related to violating the Bank Secrecy Act. New Binance CEO Richard Teng outlined his vision for the cryptocurrency exchange on Monday, focusing on his commitment to regulatory cooperation.

Tornado Cache Approval

Last year, the Office of Foreign Assets Control (OFAC) under the U.S. Treasury designated Tornado Cash as a risky asset. approved An entity that prohibits both It prohibits people in the United States and companies wishing to do business in the United States from engaging in financial interactions with open source software. Tornado Cash can be used to anonymize transactions on the Ethereum blockchain.

Some cryptocurrency advocates have criticized U.S. authorities for targeting Tornado Cash.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025
Most Popular

Information on acquiring Polygon Amoy testnet MATIC tokens

May 12, 2024

Central Bank of Rwanda moves ahead with ambitious retail CBDC project

May 8, 2024

HKMA warns public about fraudulent communications

May 29, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.