#brian_armstrong #Tornado
🤣🤣
Coinbase's Brian Armstrong got OFAC’d
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Also:
• Someone Is Trolling Celebs by Sending ETH From Tornado Cash
An anonymous crypto user sent small amounts of ether from a sanctioned Tornado Cash address to celebrities and prominent crypto figures on Tuesday.
• Now is the best time to send tornadoed ETH to every VC
• Ethereum Cofounder Says He Used Blacklisted Tornado Cash to Donate to Ukraine - Decrypt
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🪆Перевод
🤣🤣
Coinbase's Brian Armstrong got OFAC’d
——
Also:
• Someone Is Trolling Celebs by Sending ETH From Tornado Cash
An anonymous crypto user sent small amounts of ether from a sanctioned Tornado Cash address to celebrities and prominent crypto figures on Tuesday.
• Now is the best time to send tornadoed ETH to every VC
• Ethereum Cofounder Says He Used Blacklisted Tornado Cash to Donate to Ukraine - Decrypt
——
🪆Перевод
Newsmaker.сlub
#TORN #regulation #justice Sad… Arrest of suspected developer of Tornado Cash On Wednesday 10 August, the FIOD arrested a 29-year-old man in Amsterdam. He is suspected of involvement in concealing criminal financial flows and facilitating money laundering…
#Tornado
Fortune published an article that is supposed to justify the disgusting decision to arrest Tornado developer Pertsev.
It is argued that we should not feel sorry for Pertsev, because before Tornado he worked as an ordinary specialist [not even a top manager or founder] for a company that may have helped the FSB solve hacker crimes.
But wait, doesn't every technology company in U.S. leak all data to the government? And then why did they declare a total boycott of everything related to Tornado? Because the founders are from Russia?
And Kharon company, which issued the report, is cooperating with the U.S. Department of Defense!! 🤦♂️
There's that dirty politics again... 🤮
Developer at Treasury-sanctioned Tornado Cash worked for company linked to Russian security agency
The Dutch government arrested Pertsev, a Netherlands resident, two days later on suspicion of “involvement in concealing criminal financial flows and facilitating money laundering.”
The action sparked outcry from the global crypto community, concerned that the U.S. government was targeting an open-source software program. The new revelations on Pertsev’s background point to a murkier picture, with national security experts suggesting that the public doesn’t have complete information about the sanctions.
“This opens up a lot of credibility issues for the developers of Tornado Cash,” said Alex Zerden, an adjunct senior fellow at the Center for a New American Security. “This is pretty profound information that informs why the U.S. government and Dutch authorities have taken certain actions.”
Tornado Cash runs on software developed by a Delaware-registered corporation called PepperSec, with the Kharon report identifying Pertsev as that company’s founder and CEO.
According to the firm’s findings, in 2017, Pertsev worked as an information security specialist and developer of smart contracts for Digital Security OOO, a Russian entity that the Treasury Department designated in 2018 as providing material and technological support to the FSB as far back as 2015.
“You had this guy working for Digital Security OOO and doing pen testing himself, and then Treasury designated the company for helping the FSB’s hacking capabilities,” said Nick Grothaus, vice president of research at Kharon.
“There are a lot of reasons and justifications and deference that OFAC the Treasury’s Office of Foreign Assets Control has to designate entities,” he added.
While the findings do not prove any underlying motive from the Treasury Department for targeting Tornado Cash, Grothaus said that it is still important to look at connections between different sanctioned persons and entities.
“There seems to be a more complex and complicated picture that takes more time to unravel,” Zerden told Fortune.
• Fortune • Kharon Report
——
🪆Перевод
Fortune published an article that is supposed to justify the disgusting decision to arrest Tornado developer Pertsev.
It is argued that we should not feel sorry for Pertsev, because before Tornado he worked as an ordinary specialist [not even a top manager or founder] for a company that may have helped the FSB solve hacker crimes.
But wait, doesn't every technology company in U.S. leak all data to the government? And then why did they declare a total boycott of everything related to Tornado? Because the founders are from Russia?
And Kharon company, which issued the report, is cooperating with the U.S. Department of Defense!! 🤦♂️
There's that dirty politics again... 🤮
Developer at Treasury-sanctioned Tornado Cash worked for company linked to Russian security agency
The Dutch government arrested Pertsev, a Netherlands resident, two days later on suspicion of “involvement in concealing criminal financial flows and facilitating money laundering.”
The action sparked outcry from the global crypto community, concerned that the U.S. government was targeting an open-source software program. The new revelations on Pertsev’s background point to a murkier picture, with national security experts suggesting that the public doesn’t have complete information about the sanctions.
“This opens up a lot of credibility issues for the developers of Tornado Cash,” said Alex Zerden, an adjunct senior fellow at the Center for a New American Security. “This is pretty profound information that informs why the U.S. government and Dutch authorities have taken certain actions.”
Tornado Cash runs on software developed by a Delaware-registered corporation called PepperSec, with the Kharon report identifying Pertsev as that company’s founder and CEO.
According to the firm’s findings, in 2017, Pertsev worked as an information security specialist and developer of smart contracts for Digital Security OOO, a Russian entity that the Treasury Department designated in 2018 as providing material and technological support to the FSB as far back as 2015.
“You had this guy working for Digital Security OOO and doing pen testing himself, and then Treasury designated the company for helping the FSB’s hacking capabilities,” said Nick Grothaus, vice president of research at Kharon.
“There are a lot of reasons and justifications and deference that OFAC the Treasury’s Office of Foreign Assets Control has to designate entities,” he added.
While the findings do not prove any underlying motive from the Treasury Department for targeting Tornado Cash, Grothaus said that it is still important to look at connections between different sanctioned persons and entities.
“There seems to be a more complex and complicated picture that takes more time to unravel,” Zerden told Fortune.
• Fortune • Kharon Report
——
🪆Перевод
Newsmaker.сlub
#Tornado Fortune published an article that is supposed to justify the disgusting decision to arrest Tornado developer Pertsev. It is argued that we should not feel sorry for Pertsev, because before Tornado he worked as an ordinary specialist [not even a…
#Tornado
Wife of Pertsev, Arrested Tornado Cash Developer, Denies Russia Secret Service Links
“Alexey has never been associated with the FSB of the Russian Federation and similar organizations,” Malik told CoinDesk Friday. “We moved to the Netherlands in the hope of a quiet, stable and free life, which is unimaginable in military Russia.”
• Coindesk
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🪆Перевод
Wife of Pertsev, Arrested Tornado Cash Developer, Denies Russia Secret Service Links
“Alexey has never been associated with the FSB of the Russian Federation and similar organizations,” Malik told CoinDesk Friday. “We moved to the Netherlands in the hope of a quiet, stable and free life, which is unimaginable in military Russia.”
• Coindesk
——
🪆Перевод
CoinDesk
Wife of Arrested Tornado Cash Developer Denies Russia Secret Service Links
Financial-crime analysts at Kharon have connected Alexey Pertsev, who is currently in a Dutch prison awaiting trial on suspicion of facilitating money laundering via crypto protocols, to Russian espionage.
#tornado #TORN
Ok, the last one for today…
Judge Backs U.S. Sanctions on Crypto Platform Tornado Cash
A federal judge in Austin, Texas, sided with the government in a civil lawsuit that was brought by six individuals and financed by crypto exchange Coinbase
Tornado Cash was sanctioned by the U.S. Treasury last August. The U.S. accused it of laundering billions of dollars in virtual currency, including $455 million that was allegedly stolen by North Korean hackers.
The plaintiffs argued, “Tornado Cash is a decentralized, open-source software project comprised of a subset of smart contracts” on the Ethereum blockchain, while the government contended the platform was “an organization that runs a cryptocurrency mixing service,” the judge wrote.
Judge Pitman determined that Tornado Cash is an entity that may be designated by U.S. sanctions laws as it is composed of its founders and developers, as well as its decentralized autonomous organization, or DAO, a management structure that allows the holders of governance tokens to vote on decisions.
The judge rejected the plaintiffs’ arguments and agreed with the government that Tornado Cash’s smart contracts constitute property and the company has a beneficial interest in the smart contracts as they provide a way for Tornado Cash to control and use crypto assets.
“Furthermore, unlike abstract ideas, deployed smart contracts convey an ongoing benefit for Tornado Cash, in the form of fees transmitted to the DAO. Tornado Cash has a property interest in this ongoing benefit,” the judge wrote.
Coinbase Chief Legal Officer Paul Grewal said on X, formerly Twitter, that his firm will “continue to believe Plaintiffs’ challenge to OFAC’s Tornado Cash action is right. We’ve always known that Fifth Circuit review is required to resolve these issues, and we continue to support them on appeal.”
• WSJ
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🪆Перевод
Ok, the last one for today…
Judge Backs U.S. Sanctions on Crypto Platform Tornado Cash
A federal judge in Austin, Texas, sided with the government in a civil lawsuit that was brought by six individuals and financed by crypto exchange Coinbase
Tornado Cash was sanctioned by the U.S. Treasury last August. The U.S. accused it of laundering billions of dollars in virtual currency, including $455 million that was allegedly stolen by North Korean hackers.
The plaintiffs argued, “Tornado Cash is a decentralized, open-source software project comprised of a subset of smart contracts” on the Ethereum blockchain, while the government contended the platform was “an organization that runs a cryptocurrency mixing service,” the judge wrote.
Judge Pitman determined that Tornado Cash is an entity that may be designated by U.S. sanctions laws as it is composed of its founders and developers, as well as its decentralized autonomous organization, or DAO, a management structure that allows the holders of governance tokens to vote on decisions.
The judge rejected the plaintiffs’ arguments and agreed with the government that Tornado Cash’s smart contracts constitute property and the company has a beneficial interest in the smart contracts as they provide a way for Tornado Cash to control and use crypto assets.
“Furthermore, unlike abstract ideas, deployed smart contracts convey an ongoing benefit for Tornado Cash, in the form of fees transmitted to the DAO. Tornado Cash has a property interest in this ongoing benefit,” the judge wrote.
Coinbase Chief Legal Officer Paul Grewal said on X, formerly Twitter, that his firm will “continue to believe Plaintiffs’ challenge to OFAC’s Tornado Cash action is right. We’ve always known that Fifth Circuit review is required to resolve these issues, and we continue to support them on appeal.”
• WSJ
——
🪆Перевод
WSJ
Judge Backs U.S. Sanctions on Crypto Platform Tornado Cash
A federal judge in Austin, Texas, sided with the government in a civil lawsuit that was brought by six individuals and financed by crypto exchange Coinbase.