Tornado Cash developer Alexey Pertsev still in prison to face money laundering charges for creating a mixing service, but recently do Amin Soleimani, co-founder of SpankChain and Reflex Labs, suggested that the crypto mixing service could make a comeback soon despite its developer’s legal woes.
Soleimani said, “I sincerely hope that no one thought that we were finished.”
His tweet included an image that introduced the upcoming solution as Privacy Pool v0, a sequel to “Tornado.cache” developed “by Amin Sulaimani” “on behalf of MolochDAO”.
MolochDAO is one of the leading decentralized autonomous organizations (dao, It was launched in early 2019 with an aim to help manage and coordinate the fund Ethereum core development. In the same year, ConsenSys founder Joseph Lubin announced that MolochDAO was successful in raising over $1.5 million worth of ETH from several major blockchain industry players, including ConsenSys, the Ethereum Foundation, and Ethereum co-founder Vitalik Buterin.
Soleimani’s latest announcement has sparked a wave of mainly positive reactions on the social media platform, with user Buhlaq Willing Amen”[k]ep fighting the good fight”, and user wlstrhppie give advice Developer: “You better protect yourself”.
Last August, Pertsev, a Russian citizen living in the Netherlands, was arrested by Dutch authorities for his alleged involvement in the Tornado Cash transaction mixing protocol after the US Department of Treasury imposed sanctions on the crypto mixing service. The developer who wrote the code for Tornado Cash is scheduled to attend a hearing next April.
The crypto mixing service created by Pertsev uses a host of techniques to conceal the origin of the crypto used, a feature that has attracted the attention of regulators, and triggered allegations that Tornado Cash has colluded with the Lazarus Group, a Facilitated the laundering of millions of dollars by the North. Korea-backed hacking group.
The US Department of the Treasury’s Office of Foreign Assets Control decided to approve “Tornado Cash”, which has been used to launder more than $7 billion worth of virtual currency since its creation in 2019. This includes over $455 million stolen by the Lazarus Group. Democratic People’s Republic of Korea (DPRK) state-sponsored hacking group that was sanctioned by the US in 2019, in the largest ever virtual currency heist,” the Treasury said in its August 9 statement,
Treasury claims that crypto “mixers who assist criminals are a threat to US national security” which indicates that the new reincarnation of Tornado could also attract the displeasure of the agency.
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