Here’s how Crypto Twitter is reacting to attacks on Tornado Cash

Here’s how Crypto Twitter is reacting to attacks on Tornado Cash

article image

Vladislav Sopov

The Netherlands Crime Agency (FIOD) arrested the developer of the Tornado Cash mixer after the project was sanctioned by OFAC; Crypto Twitter has something to say

Last week, the US watchdog OFAC put the addresses of Tornado Cash, the world’s most popular service for murky transactions, on the sanctions list. Dutch police arrested core developer Alexey Pertsev with more crackdowns yet to come. The global crypto community is outraged by the attack and is debating its influence on the future of blockchain and Web3.

Crypto Twitter mocks the absurdity of another anti-crypto witch hunt

By and large, prominent crypto enthusiasts, entrepreneurs, analysts, researchers and traders are shocked by the absurdity of attacks on Tornado Cash. Many of them – including Stefan George, co-founder and CTO of Gnosis – recall the US attempt to ban one of the key elements of PGP encryption. In the 1990s, US Customs opened a criminal investigation into Phil Zimmermann, when part of his code was considered ammunition subject to arms export controls.

DeFi researcher, lawyer and educator Chris Blec compared the sanctions against Tornado Cash to punishing arms manufacturers for their clients’ illegal activity:

Also, the crypto community is angry about the fact that every individual who somehow interacted with Tornado Cash can also be considered “sanctioned”:

Law abiding DeFis are under fire

Some services that have already “imposed” sanctions against Tornado Cash are being criticized by privacy advocates. At press time, Tornado Cash clients are banned from using the Aave Finance (AAVE) and dYdX (DYDX) interfaces; the accounts of the project and its developers have been suspended by GitHub, while Tornado Cash’s main Discord server is also down.

Also, Circle has frozen some USDC coins somehow associated with Tornado Cash; the calls to Tornado Cash are censored by the Alchemy and Infura node providers and the domain is shut down by the decentralized hosting service Limo.

Crypto investor Ryan Sean Adams slammed the services that block Tornado Cash addresses and advised them to “grow some backbone”:

However, some crypto experts recommend only using the DeFi codebase with custom interfaces since all major Ethereum-centric protocols are open source:

Resistance in Web3: Enthusiasts spread the word about Tornado Cash

To inject new life into “Munitions” t-shirts popularized by Bitcoin (BTC) veteran Adam Back, enthusiasts have already produced “Tornado Cash” garments with printed versions of the codebase.

Another enthusiast turned the Tornado Cash codebase into a piece of digital art:

Experienced blockchain security researcher and ConsenSys Diligence co-founder Gonçalo Sá launched a Tornado Cash factory that partially reimburses the distribution costs of every Web3 enthusiast who deploys the latest version of their codebase:

Last but not least, more conservative Tornado Cash advocates are trying to find a lawyer for the team to create a defensive strategy.

See also  Compliance First, Penalty Second as Feds Implement Crypto Regulations

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *