Vitalik Outs Himself as Having Used Tornado Cash

0

[ad_1]

Ethereum co-founder Vitalik Buterin has revealed that he personally used the now-sanctioned Ethereum mixer “Tornado Cash” when donating funds to Ukraine earlier this year.

In a tweet on Tuesday, Twitter user Jeff Coleman called for people to provide documented examples of individuals using Tornado Cash to donate to Ukraine. Tornado Cash is an Ethereum protocol that helps preserve the privacy of users’ on-chain transactions. 
“Wanting to donate to Ukraine is a great example of a valid need for financial privacy,” said Coleman. 
In response, Vitalik offered himself as an example. “I’ll out myself as someone who has used TC to donate to this exact cause,” he said.
The co-founder added that he used the protocol as a means of protecting the recipient’s identity, rather than his own. Hence, outing himself did not defeat the purpose of his transaction. 
Tornado Cash was sanctioned by the US Treasury Department’s Office of Foreign Assets Control on Monday. The department stated that over $7  billion in illegal funds had been laundered through the protocol since 2019. 
However, crypto industry leaders including Circle CEO Jeremy Allaire have argued that the department’s action sets a poor precedent for financial privacy and security in the world of blockchain. 

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

[ad_2]

Source link

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 74,811.00
ethereum
Ethereum (ETH) $ 2,127.19
tether
Tether (USDT) $ 0.999105
bnb
BNB (BNB) $ 687.59
usd-coin
USDC (USDC) $ 0.999492
xrp
XRP (XRP) $ 1.09
solana
Solana (SOL) $ 86.49
tron
TRON (TRX) $ 0.316640
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.06
zcash
Zcash (ZEC) $ 1,172.48
hyperliquid
Hyperliquid (HYPE) $ 75.20
monero
Monero (XMR) $ 597.03
dogecoin
Dogecoin (DOGE) $ 0.070017
usds
USDS (USDS) $ 0.999990
leo-token
LEO Token (LEO) $ 9.31
wrapped-steth
Wrapped stETH (WSTETH) $ 2,779.67
whitebit
WhiteBIT Coin (WBT) $ 72.15
chainlink
Chainlink (LINK) $ 10.68
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 76,243.00
cardano
Cardano (ADA) $ 0.178389
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998762
stellar
Stellar (XLM) $ 0.147148
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 2,466.93
ethena-usde
Ethena USDe (USDE) $ 0.998976
bitcoin-cash
Bitcoin Cash (BCH) $ 239.28
near
NEAR Protocol (NEAR) $ 3.62
wrapped-eeth
Wrapped eETH (WEETH) $ 2,465.31
dai
Dai (DAI) $ 0.999892
uniswap
Uniswap (UNI) $ 7.06
susds
sUSDS (SUSDS) $ 1.08
litecoin
Litecoin (LTC) $ 51.58
avalanche-2
Avalanche (AVAX) $ 8.56
canton-network
Canton (CC) $ 0.091418
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 76,366.00
sui
Sui (SUI) $ 0.850494
tether-gold
Tether Gold (XAUT) $ 4,111.64
blockchain-usd
Blockchain USD (USDB) $ 0.932324
usd1-wlfi
USD1 (USD1) $ 0.997896
weth
WETH (WETH) $ 2,268.37
rain
Rain (RAIN) $ 0.004591
hedera-hashgraph
Hedera (HBAR) $ 0.067121
the-open-network
Gram (prev. Toncoin) (GRAM) $ 1.03
usdt0
USDT0 (USDT0) $ 0.998824
quant-network
Quant (QNT) $ 196.44
paypal-usd
PayPal USD (PYUSD) $ 0.999989
ripple-usd
Ripple USD (RLUSD) $ 0.999953
global-dollar
Global Dollar (USDG) $ 0.999947
shiba-inu
Shiba Inu (SHIB) $ 0.000004
bittensor
Bittensor (TAO) $ 224.41
Shares