Tornado Cash: "Illegal" smart contract
A take on open-source software and financial privacy in a centralized worldIntroductionOn August 8, 2022, Treasury’s Office of Foreign Assets Control (OFAC) decided to sanction the cryptocurrency mixer Tornado Cash. Considering, as per the Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson, that it has “… repeatedly failed to impose effective controls designed to stop it from laundering funds from malicious cyber actors on a regular basis and without basi...
Tornado Cash: "Illegal" smart contract
A take on open-source software and financial privacy in a centralized worldIntroductionOn August 8, 2022, Treasury’s Office of Foreign Assets Control (OFAC) decided to sanction the cryptocurrency mixer Tornado Cash. Considering, as per the Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson, that it has “… repeatedly failed to impose effective controls designed to stop it from laundering funds from malicious cyber actors on a regular basis and without basi...
