The Historical Backlash The gold standard for transactional privacy was once Tornado Cash. Leveraging complex cryptography, it successfully broke the link between a user's deposit and their subsequent withdrawal. However, its sanction by the U.S. Treasury, following its misuse by state-sponsored criminal groups, sent a shockwave across the industry. This regulatory action signaled that code is not immune from legal consequence. Consequently, protocols on other chains reacted by halting operat...

The Historical Backlash The gold standard for transactional privacy was once Tornado Cash. Leveraging complex cryptography, it successfully broke the link between a user's deposit and their subsequent withdrawal. However, its sanction by the U.S. Treasury, following its misuse by state-sponsored criminal groups, sent a shockwave across the industry. This regulatory action signaled that code is not immune from legal consequence. Consequently, protocols on other chains reacted by halting operat...