TORN has now become sanctioned too

The price of crypto-asset TORN has almost halved after the US Treasury imposed sanctions over their involvement with Tornado Cash.

Two days after the US Ministry of Treasury imposed sanctions on TORN (Tornado Cash), the token's price fell by 45%.  

The company's most significant and essentially only accusation was suspicion of laundering more than $7 billion in cryptocurrencies, including a stash of $455 million allegedly stolen by North Korean hackers. You know, Lazarus and ATP-38.

US companies, including Coinbase and Circle, were frightened by this. So they decided to freeze the movement of the co-created USDC stablecoin because it is linked to the sanctioned project.

Interestingly, after the Treasury announced its decision, daily trading volumes soared. Many experts claim that today's $17 per token price is close to the rebound level and will recover with proper support. However, we can only guess because it is not economics but psychology and market sentiment playing a more critical role in such situations.

On the other hand, a break below the support range would send the TORN price to new record lows.