Vitalik Outs Himself as Having Used Tornado Cash

Please fol­low and like us:
Pin Share

Ethereum co-founder Vita­lik Buterin has revealed that he per­son­al­ly used the now-sanc­tioned Ethereum mix­er “Tor­na­do Cash” when donat­ing funds to Ukraine ear­li­er this year.

  • In a tweet on Tues­day, Twit­ter user Jeff Cole­man called for peo­ple to pro­vide doc­u­ment­ed exam­ples of indi­vid­u­als using Tor­na­do Cash to donate to Ukraine. Tor­na­do Cash is an Ethereum pro­to­col that helps pre­serve the pri­va­cy of users’ on-chain transactions. 
  • “Want­i­ng to donate to Ukraine is a great exam­ple of a valid need for finan­cial pri­va­cy,” said Coleman. 
  • In response, Vita­lik offered him­self as an exam­ple. “I’ll out myself as some­one who has used TC to donate to this exact cause,” he said.
  • The co-founder added that he used the pro­to­col as a means of pro­tect­ing the recipient’s iden­ti­ty, rather than his own. Hence, out­ing him­self did not defeat the pur­pose of his transaction. 
  • Tor­na­do Cash was sanc­tioned by the US Trea­sury Department’s Office of For­eign Assets Con­trol on Mon­day. The depart­ment stat­ed that over $7  bil­lion in ille­gal funds had been laun­dered through the pro­to­col since 2019. 
  • How­ev­er, cryp­to indus­try lead­ers includ­ing Cir­cle CEO Jere­my Allaire have argued that the department’s action sets a poor prece­dent for finan­cial pri­va­cy and secu­ri­ty in the world of blockchain. 
SPECIAL OFFER (Spon­sored)

Binance Free $100 (Exclu­sive): Use this link to reg­is­ter and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Spe­cial Offer: Use this link to reg­is­ter & enter POTATO50 code to receive up to $7,000 on your deposits.



Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published. Required fields are marked *