11th Circuit Dismisses Tornado Cash Appeal, TORN Token Spikes

Eleventh Circuit Court has dismissed Coin Center’s appeal of the Tornado Cash sanctions. In a joint motion with the U.S. Treasury, the court vacated a lower-court ruling and closed the case, ending this challenge to OFAC’s 2022 sanctions on Tornado Cash addresses. Separate lawsuits by Tornado Cash users backed by Coinbase remain pending. After the appeal was dropped, the TORN token spiked over 14% to $10.55, later settling near $9.47. Peter Van Valkenburgh, executive director of Coin Center, noted the government did not defend its “overbroad interpretation” of sanctions law. Meanwhile, co-founder Roman Storm faces a U.S. criminal trial on money laundering and sanctions violations. Alexey Pertsev has been convicted in the Netherlands, and developer Roman Semenov remains at large.