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\nhttps:\/\/twitter.com\/deacix\/status\/1560992460297445379?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1560992460297445379%7Ctwgr%5E18a6b29dfefc66febe9686316c1c870ccfde3570%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptobriefing.com%2Fcrypto-fans-launch-campaign-arrested-tornado-cash-developer%2F\n<\/div><\/figure>\n","post_title":"#FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"freealex-rally-in-amsterdam-over-arrested-tornado-cash-developer","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-mixer\/\nhttps:\/\/www.thedistributed.co\/war-on-code-tornado-cash-developer-alexey-pertsev-arrested\/","post_modified":"2022-08-29 22:33:38","post_modified_gmt":"2022-08-29 12:33:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6696","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The Change.org petition currently has over 2,276 signatures.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/deacix\/status\/1560992460297445379?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1560992460297445379%7Ctwgr%5E18a6b29dfefc66febe9686316c1c870ccfde3570%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptobriefing.com%2Fcrypto-fans-launch-campaign-arrested-tornado-cash-developer%2F\n<\/div><\/figure>\n","post_title":"#FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"freealex-rally-in-amsterdam-over-arrested-tornado-cash-developer","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-mixer\/\nhttps:\/\/www.thedistributed.co\/war-on-code-tornado-cash-developer-alexey-pertsev-arrested\/","post_modified":"2022-08-29 22:33:38","post_modified_gmt":"2022-08-29 12:33:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6696","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The code used to facilitate the protocol is all open-source though, which is where the petition comes in. 1inch Network claims<\/a> that \"developers have no control whatsoever over how their code is subsequently used,\" and \"this could be the beginning of arrests of open-source developers because code might be used for illegal purposes.\"<\/li><\/ul>\n\n\n\n
The Change.org petition currently has over 2,276 signatures.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/deacix\/status\/1560992460297445379?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1560992460297445379%7Ctwgr%5E18a6b29dfefc66febe9686316c1c870ccfde3570%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptobriefing.com%2Fcrypto-fans-launch-campaign-arrested-tornado-cash-developer%2F\n<\/div><\/figure>\n","post_title":"#FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"freealex-rally-in-amsterdam-over-arrested-tornado-cash-developer","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-mixer\/\nhttps:\/\/www.thedistributed.co\/war-on-code-tornado-cash-developer-alexey-pertsev-arrested\/","post_modified":"2022-08-29 22:33:38","post_modified_gmt":"2022-08-29 12:33:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6696","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
A crypto mixer is a protocol that pools tokens from various addresses together and then distributes them back to users for the same amount they put in. But after being pooled, the tokens become extremely difficult to track \u2013 which is why they\u2019ve been used by criminals for money laundering and illicit transactions. <\/li><\/ul>\n\n\n\n
The code used to facilitate the protocol is all open-source though, which is where the petition comes in. 1inch Network claims<\/a> that \"developers have no control whatsoever over how their code is subsequently used,\" and \"this could be the beginning of arrests of open-source developers because code might be used for illegal purposes.\"<\/li><\/ul>\n\n\n\n
The Change.org petition currently has over 2,276 signatures.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/deacix\/status\/1560992460297445379?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1560992460297445379%7Ctwgr%5E18a6b29dfefc66febe9686316c1c870ccfde3570%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptobriefing.com%2Fcrypto-fans-launch-campaign-arrested-tornado-cash-developer%2F\n<\/div><\/figure>\n","post_title":"#FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"freealex-rally-in-amsterdam-over-arrested-tornado-cash-developer","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-mixer\/\nhttps:\/\/www.thedistributed.co\/war-on-code-tornado-cash-developer-alexey-pertsev-arrested\/","post_modified":"2022-08-29 22:33:38","post_modified_gmt":"2022-08-29 12:33:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6696","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The #FreeAlex initiative<\/a> aims to raise awareness about his arrest in the hopes to free him, as the protestors claim that his arrest threatens to \u201ckill the entire open-source software segment,\" as \u201cno one will dare to write and publish open-source code, no one will invest in the segment if they could be made responsible for the use of the tool they created by other parties.\u201d<\/li><\/ul>\n\n\n\n
A crypto mixer is a protocol that pools tokens from various addresses together and then distributes them back to users for the same amount they put in. But after being pooled, the tokens become extremely difficult to track \u2013 which is why they\u2019ve been used by criminals for money laundering and illicit transactions. <\/li><\/ul>\n\n\n\n
The code used to facilitate the protocol is all open-source though, which is where the petition comes in. 1inch Network claims<\/a> that \"developers have no control whatsoever over how their code is subsequently used,\" and \"this could be the beginning of arrests of open-source developers because code might be used for illegal purposes.\"<\/li><\/ul>\n\n\n\n
The Change.org petition currently has over 2,276 signatures.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/deacix\/status\/1560992460297445379?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1560992460297445379%7Ctwgr%5E18a6b29dfefc66febe9686316c1c870ccfde3570%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptobriefing.com%2Fcrypto-fans-launch-campaign-arrested-tornado-cash-developer%2F\n<\/div><\/figure>\n","post_title":"#FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"freealex-rally-in-amsterdam-over-arrested-tornado-cash-developer","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-mixer\/\nhttps:\/\/www.thedistributed.co\/war-on-code-tornado-cash-developer-alexey-pertsev-arrested\/","post_modified":"2022-08-29 22:33:38","post_modified_gmt":"2022-08-29 12:33:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6696","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
A suspected developer from the crypto mixer<\/a> Tornado Cash was arrested<\/a> on the 12th of August over allegations that the protocol facilitated money laundering and he should be held liable.<\/p>\n\n\n\n
The #FreeAlex initiative<\/a> aims to raise awareness about his arrest in the hopes to free him, as the protestors claim that his arrest threatens to \u201ckill the entire open-source software segment,\" as \u201cno one will dare to write and publish open-source code, no one will invest in the segment if they could be made responsible for the use of the tool they created by other parties.\u201d<\/li><\/ul>\n\n\n\n
A crypto mixer is a protocol that pools tokens from various addresses together and then distributes them back to users for the same amount they put in. But after being pooled, the tokens become extremely difficult to track \u2013 which is why they\u2019ve been used by criminals for money laundering and illicit transactions. <\/li><\/ul>\n\n\n\n
The code used to facilitate the protocol is all open-source though, which is where the petition comes in. 1inch Network claims<\/a> that \"developers have no control whatsoever over how their code is subsequently used,\" and \"this could be the beginning of arrests of open-source developers because code might be used for illegal purposes.\"<\/li><\/ul>\n\n\n\n
The Change.org petition currently has over 2,276 signatures.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/deacix\/status\/1560992460297445379?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1560992460297445379%7Ctwgr%5E18a6b29dfefc66febe9686316c1c870ccfde3570%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptobriefing.com%2Fcrypto-fans-launch-campaign-arrested-tornado-cash-developer%2F\n<\/div><\/figure>\n","post_title":"#FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"freealex-rally-in-amsterdam-over-arrested-tornado-cash-developer","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-mixer\/\nhttps:\/\/www.thedistributed.co\/war-on-code-tornado-cash-developer-alexey-pertsev-arrested\/","post_modified":"2022-08-29 22:33:38","post_modified_gmt":"2022-08-29 12:33:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6696","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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Follow The Distributed

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ADVERTISEMENT

\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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Follow The Distributed

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ADVERTISEMENT

\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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Follow The Distributed

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\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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Blockchain

Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions

September 9, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Most Read

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Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions

September 9, 2022

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Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

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Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Most Read

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Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions

September 9, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

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Type your email here

Follow The Distributed

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\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Most Read

Blockchain

Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions

September 9, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

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Type your email here

Follow The Distributed

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Tornado Cash

Blockchain

Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions

Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some ...

by Angel Sanchez
September 9, 2022

Blockchain

#FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer

A suspected developer from the crypto mixer Tornado Cash was arrested on the 12th of August over allegations that the ...

by The Distributed Team
August 23, 2022

Most Read

Blockchain

Coinbase Is Funding a Lawsuit Against The US Treasury Over Tornado Cash Sanctions

September 9, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

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