On Tuesday, eventually following the U.S. Treasury sanctioned cryptocurrency mixer Tornado Cash because of its alleged role in cryptocurrency money washing operations, times of .1 Ether (ETH) transactions started materializing from the smart contract to prominent figures for example Coinbase Chief executive officer John Lance armstrong and American television host Jimmy Fallon. It’s not easy to trace the origin from the transactions per Tornado Cash design, and for that reason, each one individual or multiple individuals or entities could engage in the operation.
Notable individuals/companies who got funds from the government-sanctioned entity:
– Jimmy Fallon
– Shaquille O’Neal
– PUMA
– Randi Zuckerberg
– Logan Paul
– John Lance armstrong
– Steve Aoki
– Ukraine Crypto Donation
– Dave Chappelle
– BeepleField day for investigators. https://t.co/9HDJmppzT2
— FatMan (@FatManTerra) August 9, 2022
Because of sanctions, it’s illegal for just about any U.S. persons and entities to have interaction with Tornado Cash’s smart contract addresses, blockchain or business-wise. Penalties for willful noncompliance can vary from fines of $50,000 to $10,000,000 and 10 to 3 decades jail time.
The consistency from the transactions indicate the sender(s) might be beginning a prank regarding direct police force focus on the recipient individuals. However, the Treasury sanctions require “willful” engagement using the blacklisted smart contract addresses like a precondition for possible criminal proceedings. Thus, it’s unlikely the receipt of tokens from Tornado Money on a gratuitous basis, with no prior understanding nor engagement, can constitute a breach from the sanctions.
Within 24 hours, Web3 development platforms Alchemy and Infura.io became a member of stablecoin issuer Circle and programming depository vault GitHub in blacklisting the sanctioned Tornado Cash addresses and barring use of its front-finish application. Several weeks prior, Tornado Cash tried to address ongoing concerns that it is platform had been utilized by malicious online hackers to launder stolen crypto funds by disabling illicit wallets from being able to access the applying. However, its co-founder, Roman Semenov stated at that time the instrument only blocks accessibility decentralized application, or DApp, interface and never the actual smart contract.
Several weeks prior, Tornado Cash tried to address ongoing concerns that it is platform had been utilized by malicious online hackers to launder stolen crypto funds by disabling illicit wallets from being able to access the applying. However, its co-founder, Roman Semenov stated at that time the instrument only blocks accessibility decentralized application, or DApp, interface and never the actual smart contract.
