Vitalik Buterin reveals he used Tornado Cash to help Ukraine
In a Twitter chat, Ethereum (ETH) co-founder Vitalik Buterin said he used Tornado Cash to donate to Ukraine. His statement comes just days after OFAC blacklisted the cryptocurrency mixer and banned US citizens from using it.
Vitalik Buterin used Tornado Cash to help Ukraine
Barely a day after the cryptocurrency mixer Tornado Cash was added Blacklisted by the Office of Foreign Assets Control (OFAC) American, Vitalik ButerinEthereum (ETH) co-founder said he did protocol used to donate to Ukraine.
The crypto philanthropist made this statement in response to Jeff ColemanCo-founder of a startup specializing in government channels for Ethereum, who stated that Tornado Cash in particular could do this be useful to make anonymous donations to Ukraineespecially if you were a resident of Russia during the war.
To which Vitalik replied quite explicitly:
I will come out as someone who used TC to donate to this very cause.
— vitalik.eth (@VitalikButerin) August 9, 2022
“I will introduce myself as someone who used Tornado Cash to donate specifically to this cause. »
In response to a Twitter user’s question why he spoke about it publicly When he had to go through a cryptocurrency mixer to maintain his anonymity, Vitalik replied that his intention was “ was to protect the recipients », and not himself.
Vitalik Buterin is not present at his first attempt about the actions of Russia. He also stated there that the Russian government is aware of its position on the issue, referring to a tweet in which he responded Editor-in-Chief of Russian Media RT ” get away “.
👉 To understand everything: what is a bitcoin tumbler or mixer?
The stock exchange that has the wind in its sails⭐
5% discount on your fees with this button
End of the Tornado Cash Mixer in the US
We announced it to you 2 days ago, the OFAC, under the authority of the United States Treasury Departmenthas blacklisted cryptocurrency mixer Tornado Cash and accused him of doing so facilitated the theft of $7 billion worth of cryptocurrencies since its inception in 2019 by enabling various thieves hide their identity.
Cryptocurrency mixers allow their users to deposit a specified amount of cryptocurrencies and Retrieve it anonymously through various wallets.
This decision has causes a stirespecially because that’s what it is protocol code itself which has been attacked, although in itself it does not constitute anything illegal. In fact, it is actually the use made of it that is problematic.
As for Ukraine, its President Volodymyr Zelenskyy had signed a law on this in March Developing and promoting the use of cryptocurrencies within the country following the huge amounts of cryptocurrency donations pouring in from around the world. Some people then had to use blenders like Tornado Cash, mainly Russian residents.
👉 Connected: Circle freezes USDC tied to Tornado Cash addresses
published by Editions Larousse
Receive crypto news roundup every Sunday 👌 And that’s it.
What you need to know about affiliate links. Assets, products or services related to investments are presented on this page. Some links in this article are affiliated. This means if you buy a product through this article or register on a site, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.
Investing in cryptocurrencies is risky. Cryptoast is not responsible for the quality of any product or service presented on this site and cannot be held responsible, directly or indirectly, for any damage or loss resulting from the use of any good or service highlighted in this article. Investing in crypto assets is inherently risky, readers should do their own research before undertaking anything and only invest within their financial means. This article does not constitute investment advice.