Tornado Cash Ban May Not Stop Bad Actors but Could Put a Dent in Their Efforts, Former DEA Agent Says
William Callahan joined CryptoX TV’s “First Mover” to discuss the Treasury Department’s sanctioning of the mixing service. Source
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Tornado
What Happens When You Try to Sanction a Protocol Like Tornado Cash
Instead of targeting said hackers or going after identifiable bad actors, the government has imposed a sweeping ban on the protocol. Elliptic, an analytics company, said it has identified some $1.5 billion in illicit funds earned through ransomware, fraud or hacks. Source
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Cloning Tornado Cash Would Be Easy, But Risky
“It's really unclear what positions OFAC will take under their incredibly broad and vague authority,” Gabriel Shapiro, a prominent crypto lawyer, said in a direct message. “There is a reasonable argument that interacting with a new Tornado deployment is not covered by the sanction, but I wouldn't risk it,” Original Source
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As Government Takes on the Tornado Mixer, It May Reap a Whirlwind
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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What the Tornado Cash Sanction Means for Privacy Coins
Again, I'm not advocating for anything malicious or bad being done using those tools, but it's a sign that they can work and that governments are struggling to actually deal with them technologically. Because, ultimately, sanctions are not a technological tool. They're a legal tool that they can try to
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Usuario cripto anónimo molesta a celebridades enviando ETH desde Tornado Cash
Las billeteras afectadas incluyen aquellas controladas por el CEO de Coinbase, Brian Armstrong, el presentador de televisión Jimmy Fallon, la marca de ropa Puma y una billetera creada para donaciones a Ucrania, según Etherscan. Figuras cripto prominentes como el artista Beeple y celebridades importantes como el comediante Dave Chappelle recibieron
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Someone Is Trolling Ethereum Celebs by Sending ETH From Crypto Mixer Tornado Cash
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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Crypto-Mixing Service Tornado Cash Blacklisted by US Treasury
“Tornado Cash has been the go-to mixer for cybercriminals looking to launder the proceeds of crime, as well as helping to enable hackers, including those currently under U.S. sanctions, to launder the proceeds of their cybercrimes by covering up the origin and transfer of this illicit virtual currency,” a senior
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US Secretary of State Deletes Claim That Crypto Mixer Tornado Cash Is North Korea-‘Sponsored’
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US Government Amps Up Inevitable Clash With Crypto Privacy in Tornado Cash Blacklisting
Step by step, bank overseers have widened their enforcement territory to include digital assets. In one sense, crypto was their dream financial system, with the path of most transactions auditable on a public ledger, albeit with the identities of senders and receivers hidden behind alphanumeric addresses that looked like they’d
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