Jerry Brito, executive director of Coin Center, talks about Tornado Cash, why it was sanctioned, and what this means for privacy in crypto. 

Show highlights:

  • what is and how it relates to Tornado Cash
  • how hackers have used Tornado Cash to launder money
  • whether the Office of Foreign Assets Control made a mistake, according to Jerry
  • how Americans were affected by the sanctions
  • why Jerry believes OFAC should have done an analysis to estimate how many people would be impacted by its decision
  • whether the sanctions should have been aimed at North Koren wallets and not the protocol
  • whether the sanctions are unconstitutional and whether Coin Center will litigate this
  • how Jerry believes Circle freezing USDC complicated everything
  • what the famous people who received 0.1 ETH from random accounts via Tornado Cash should do 
  • what would happen if someone forked the Tornado Cash code and deployed a copycat smart contract to a new address
  • whether the sanctions signal the beginning of a privacy war on crypto
  • how regulators are applying the same traditional rules with crypto as they use with centralized entities

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Tornado Cash

Tornado Cash Sanctioned:

Coin Center’s article authored by Jerry Brito and Peter Van Valkenburgh:

Circle freezes USDC in sanctioned wallets: 

Crypto exchange dYdX blocked accounts that received funds from Tornado Cash:

The possibility of forking Tornado Cash:

What the sanctions mean for privacy coins:

Tornado Cash laundered $1.5 billion, according to Elliptic:

Celebrities get Dusted:

Hacks linked to Tornado Cash




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