The CEO and founder of Shapeshift, Erik Voorhees suggested that the MakerDAO community should take precautionary measures after the US Treasury sanctioned Tornado Cash.
He advised MakerDAO users to remove their USDC collateral and convert it into stablecoins that are more ‘censorship resistant’.
Moreover, Circle has blacklisted wallet addresses controlled by the crypto mixer, effectively stopping the movement of at least 75,000 USDC.