Osmosis founder Sunny Aggarwal took to the Comosverse stage in Medellin on Sept. 26 to speak not about Omosis but mesh security systems. Aggarwal opened his talk in a 40lb suit of chainmail armor, which he “lugged across two continents… for a one-line joke.” Given the party atmosphere that had already been seen at the…
On August 8, the U.S Treasury added Tornado Cash to its Office of Foreign Assets Control (OFAC) list. Officials alleged that the crypto mixer was used to launder over $7 billion of crypto tokens since its inception in 2019. This included over $455 million in tokens stolen from the Axie Infinity Ronin bridge hack, which…
The Dutch police arrested a 39-year-old man in the Netherlands on Sept. 6 for allegedly stealing Bitcoin worth tens of millions of dollars, according to a statement by Dutch authorities. Upon the arrest, the police raided his home and seized his data carriers and cryptocurrency profits. He remains a suspect, and investigations into his alleged…
As reported last month, Binance is issuing a Soulbound Token (SBT) named BAB to all customers who have passed the KYC requirements on the exchange. BAB stands for Binance Account Bound. Users on Reddit have reported that the tokens have now started to be airdropped to customers in the first SBT launch on the BNB…
U.S. Congressman Tom Emmer has called on the Treasury Department to clarify issues relating to the sanction against Tornado Cash. In a letter sent to the Treasury on August 23, Emmer noted that sanctions have traditionally only applied to individuals or entities, not open-source software like Tornado Cash. I sent a letter to Treasury Secretary…
CryptoSlate reported that FTX had frozen user accounts because they interacted with Aztec Network. Aztec has now responded to the claims by reiterating its core values and confirming that it “will not be passive in stopping illicit behavior.” Also documented by Wu Blockchain, the accusations of FTX users having their accounts frozen came from a…
FTX has allegedly warned users against interacting with high-risk services as complaints surfaced that the exchange is blocking accounts that interacted with zk money on the Aztec network. Chinese journalist Colin Wu reported Aug. 19 that a user’s account was frozen for making a transfer to his zk money account. Recently, FTX froze a user…
The crypto industry is often referred to as being in its infancy with the “we’re still early” meme popular within the community. However, digital cash is not a new concept, as anyone with knowledge of David Chaum will confirm. Chaum is known as the Godfather of Crypto, as he published a paper on digital cash…
Coinbase CEO Brian Armstrong said on August 17 that the firm would shut down its staking services if regulators wanted it to censor transactions as a validator. It’s a hypothetical we hopefully won’t actually face. But if we did we’d go with B i think. Got to focus on the bigger picture. There may be…
Policy Advisor Patrick Hansen posted his thoughts on the regulatory risk now facing the Bitcoin Lightning Network following sanctions against crypto mixer Tornado Cash. U.S. authorities added Tornado Cash to the Office of Foreign Assets Control (OFAC) sanctions list on August 8. The Treasury Department claimed more than $7 billion of illicit funds have been…