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Molly White

We must protect privacy, even in the face of cryptocurrency crime. As governments crack down on one of the most notorious tools for criminal money laundering in the cryptocurrency world, I’m worried about the ramifications.

citationneeded.news/tornado-ca

Citation Needed · Privacy, human rights, and Tornado Cash
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#crypto#cryptocurrency#privacy
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Molly White

Some who know me as a cryptocurrency critic may find these opinions surprising coming from me.

But if you are surprised, I have failed. And I think I have, because I think some of you will be.

Alexey Pertsev, one of the developers and operators of the Tornado Cash cryptocurrency mixing service, has been sentenced to 64 months (over five years) in prison in the Netherlands. The service he helped to create enabled criminals to launder billions of dollars in illicit funds connected to massive hacks perpetrated by sophisticated cybercrime groups, ransomware operations that have decimated businesses, and pig butchering schemes that have ruined people. As someone who rails against the abuses by the cryptocurrency industry, why then am I so worried about his conviction, and about the parallel case in the United States against two Tornado Cash co-founders? Some who know me as a cryptocurrency critic may find these opinions surprising coming from me. But if you are surprised, I have failed. And I think I have, because I think some of you will be.
#crypto#cryptocurrency#privacy
Dan Kleeman

@molly0xfff I admire your thoughtfulness and how much you respect your audience.

May 23, 2024, 05:41 PM·Public·Tusky
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