“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,” Source
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 use to pressure their populace into not using a specific set of technological tools. Outside of that, I think that it’s a bright future because of all of the advances that we’re seeing in the privacy-preserving cryptocurrency space. Source
Following the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) banning Tornado Cash and a number of associated Ethereum-based addresses, an anonymous Tornado Cash user has dusted a swathe of well known wallets tied to ENS domain names. Onchain data shows that a number of celebrities and organizations received 0.1 ether from the platform. Blockchain explorers indicate Linkin Park’s Steve Aoki, Youtuber Logan Paul, the Ukraine Crypto Donations address, comedian Jimmy Fallon, the sneaker company Puma, and rap star Snoop Dogg are among the recipients. Celebs and Well Known…
On Tuesday, one day after the U.S. Treasury sanctioned cryptocurrency mixer Tornado Cash for its alleged role in cryptocurrency money laundering operations, intervals of 0.1 Ether (ETH) transactions began materializing from the smart contract to prominent figures such as Coinbase CEO Brian Armstrong and American television host Jimmy Fallon. It is not possible to trace the source of the transactions per Tornado Cash design, and as a result, either one individual or multiple individuals or entities could be involved in the operation. Notable individuals/companies who just received funds from a government-sanctioned entity: –…
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 ether (ETH). Source
The address attributed to the Celsius founder by Nansen and Arkham sold CEL tokens for the first time since Celsius froze withdrawals. Source
According to Twitter user @0xdev0, on Monday, Web3 development platform Alchemy and Infura.io blocked remote procedure call (RPC) requests to cryptocurrency mixer Tornado Cash, preventing users from accessing the applications. The day prior, the U.S. Treasury placed 44 smart contract addresses linked to Tornado Cash in the Specially Designated Nationals and Blocked Persons (SDN) list. U.S. persons and entities are prohibited from blockchain or business interactions with Tornado Cash under t sanctions, with the possibility of criminal liabilities for violations. The move came after the U.S. Treasury alleged individuals and…
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 mixer were tied to criminal activities, such as North Korea’s proceeds from hacking various crypto exchanges and services. Source
On August 8, the ethereum mixing service Tornado Cash, and all the crypto addresses associated with the platform, were officially banned by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC). Following the ban, the internet hosting service for software and open source code development, Github, erased some of the Tornado Cash commits and suspended some of the project’s contributors. Tornado Cash Github Contributors Suspended from Github, Blacklisted ERC20s Left to Liquidity Providers Tornado Cash has become a topical conversation in the world of cryptocurrencies as the U.S. government…
Crypto data aggregator Dune Analytics said that, on Monday, Circle, the issuer of the USD Coin (USDC) stablecoin, froze over 75,000 USDC worth of funds linked to the 44 Tornado Cash addresses sanctioned by the U.S. Office of Foreign Assets Control’s Specially Designated Nationals and Blocked Persons (SDN) list. Tornado Cash is a decentralized application, or DApp, used to obfuscate the trail of previous cryptocurrency transactions on the Ethereum blockchain. All U.S. persons and entities are prohibited from interacting with the virtual currency mixer’s USDC and Ethereum smart contract addresses…