Published: 16.04.2022
Article reading time:
1 min.
The popular mixer ETH Tornado Cash announced the blocking of transactions from wallets under US sanctions.
how informs Tornado Cash, the service will use an on-chain oracle from Chainalysis to track such wallets. Recall that the company launched new tools for tracking sanctions cryptocurrency wallets in early March.
“Maintaining financial privacy is essential to maintaining our freedom, but it should not be ensured through non-compliance with laws,” the representatives of the service emphasized.
Co-founder of Tornado Cash Roman Semenov said that in fact, locks were introduced only at the user interface level. Within the framework of smart contracts, everything remains the same and without censorship. He emphasized that “the protocol and the frontend are different things.”
Some users of the social network Twitter criticized the decision of the management of Tornado Cash. They noted that blocking transactions from sanctions wallets will not prevent criminals from using the mixer, because they can simply transfer funds to a new wallet.
Earlier, the US authorities put on the sanctions list the wallet of hackers who hacked the Ronin Network Ethereum sidechain and stole $625 million in assets. The address was linked to the North Korean hacker group Lazarus.
Source: Bits
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
