coindesk.com/policy/2022/08/09/someone-is-trolling-celebs-by-sending-eth-from-tornado-cash
An anonymous user sent a slew of Tornado Cash transactions to high-profile addresses on Tuesday. Affected wallets include those controlled by Coinbase CEO Brian Armstrong, TV host Jimmy Fallon, clothing brand Puma and a wallet created for donations to Ukraine. Tornado Cash is a mixer, a protocol designed to pool funds in an effort to obfuscate the origin of any given transaction.

The gag effectively points out the absurdity of such sanctions for users receiving funds from blacklisted addresses. U.S. officials alleged that a significant number of funds flowing through the mixer were tied to criminal activities. The open nature of crypto is designed to cut out intermediaries.

OFAC rules mandate that U.S. persons freeze any transactions or funds sent from Tornado Cash. It isn’t possible to block an incoming transfer on-chain, so exchanges and other parties would most likely have to block the addresses. This may not be easy for celebrities and businesses with public wallets.

CoinDesk is an independent operating subsidiary of Digital Currency Group. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Posted by WA wagmi
Tap to Copy the Short Url to This Post:
bto.sh/wnycrxpr 
One-Stop Business News backed by Mark Cuban. Free to Use →