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The local decentralized finance (DeFi) community gathered to draw attention to Pertsev’s case and ensure a fair trial. Schickler captured interviews from some of the attendees of the protest, many expressing concerns about the implications of Pertsev’s arrest to the right of privacy and the future of open source development. Listen to
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His letter echoes comments made by the broader crypto industry, which saw the sanctions as a major concern. Coin Center, a crypto think tank, has threatened to bring a legal action against the Treasury Department, questioning whether a running, autonomous smart contract can even be added to the sanctions list. Original
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FTX has reportedly begun blocking accounts that have sent coins through zk.money, a private layer-2 chain provided by the Aztec Network on Ethereum. According to Twitter users, FTX has identified the DApp as a mixer — a service it deems a “high-risk activity” prohibited by the exchange.Reports of blocked transactions
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Tornado Cash, then, is a network of peer-to-peer channels, rather than a discrete company, entity or service. So while the sanctioning document targets Tornado Cash by name, and lays out a series of specific Ethereum addresses associated with it, the code could in principle be redeployed under a different name
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A U.S. person includes anyone on U.S. soil, as well as any American citizen abroad. Tornado Cash is a mixer, a protocol designed to pool funds in an effort to obfuscate the origin of any given transaction. U.S. officials alleged that a significant amount of the funds flowing through the
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Popular cryptocurrency mixer Tornado Cash has fully open-sourced its user interface (UI) code — a move its developers say fulfills their mandate of complete decentralization and transparency. Tornado Cash Classic UI became fully open-sourced on Thursday, the protocol’s anonymous developers announced in a Medium blog post. Although the protocol’s UI has
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Tornado Cash is a decentralized mixer protocol that enables private transactions on Ethereum. Mixers are smart contracts that accept, pool and mix cryptocurrency from multiple senders in order to increase privacy by obscuring potential audit trails. Users send ether to the Tornado Cash smart contract and withdraw that ether and
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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued its first-ever sanctions on a crypto mixer. The mixing service was used by Lazarus Group to process illicit proceeds from the $620 million crypto heist of the online game Axie Infinity, said the Treasury Department. Treasury Department
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Summary: The US Treasury Department has sanctioned a cryptocurrency mixer for the first time Blender.io has been added to the OFAC’s SDN list for assisting in illicit transactions that pose a threat to the United States and for aiding the North Korean hacker group, Lazarus, in laundering stolen funds The US Treasury Department
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