Tornado Cash is a crypto mixer that was recently sanctioned by the US government. The reason given for this was the fact that it was a protocol used by criminals to hide the origin of their funds. used.
Recently, it was announced that Dutch authorities have arrested a man believed to be one of the developers of Tornado Cash. As the lawsuit progresses, more voices come forward to defend developers, one of whom is Cardano founder Charles Hoskinson.
Where the Tornado Cash founder wrote the code
I had mixed feelings about the Tornado Cash authorization. While some applauded the move, others see it as a clear sign that the government is entering all crypto markets. For the most part, investors in this space are wary of what this means for decentralized financial protocols going forward.
but, Charles Hoskinson took a different route to approach this Instead, we have provided support for developers. According to Cardano’s founders, developers can write code, but with open source code they don’t always have control over what people do with it after it’s written.
He claimed that all the Tornado Cash developers really did was write the code for the mixer, which other developers used for their nefarious activities. He compared it to someone writing a book on “How to Make Cyanide” or “How to Make a Bomb”. He went on to say that these are not instructions for anyone to do that and the author has no control over how people use the information, saying: You are not telling people to do this.
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The founder of Cardano seemed genuinely upset that the developers of the protocol were being treated that way. It’s a formula when you write ,” he added. “We’re just writing it, unless we’re involved in running and using that code for a purpose. It’s like writing a book.”
Hoskinson concluded by saying, “They just wrote code that technically could be used like this.”
Tornado Cash isn’t the only mixer targeted by the US government. Another mixer called the Blender was also licensed by the authorities and was illegal for US residents to interact with it, which is why Ronin’s hackers withdrew his $600 million in March through the mixer. due to the fact that they laundered money.
The crypto market is still reeling from the sanctions and has yet to work out what this really means for the upcoming DeFi space. The impact is already being felt as we have already started banning wallets.
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