Martin Köppelmann, Co-founder of Gnosis, created a smart contract that will detect whether censorship at the protocol level of Ethereum is currently taking place. The script works by a user calling the “deploy” function using an address that may be liable to censorship due to its relationship with sanctioned protocols such as Tornado Cash. The…
The Director of Research at Coin Center Peter Van Valkenburgh raised an interesting point on Monday when he tweeted a screenshot from the SWIFT website detailing the entity’s role in sanctions enacted by “national authorities.” Comments on the tweet immediately compared the information to Ethereum’s role in processing transactions. Send tweet. pic.twitter.com/82IRrRLbDR — Peter Van…
The hope of a decentralized, open, free internet is in jeopardy right now. This is not hyperbole, FUD, or clickbait. Ethermine, the largest Ethereum mining pool, no longer produces blocks containing Tornado Cash transactions. This is likely due to OFAC sanctions and is an example of censorship at the protocol level. Crypto analyst, Takens Theorem,…
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…
The global crypto market cap is $ with a 24-hour volume of $. The price of Bitcoin is $21,043.34 and BTC market dominance is %. The price of Ethereum is $1,627.75 and ETH market dominance is %. The best performing cryptoasset sector is Adult, which gained 34%.
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…
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…
TRMIn the wake of dusting attacks following the Tornado Cash sanction, TRM Labs issued a statement clarifying how DeFi platforms leverage its data to block affected wallet addresses. DeFi protocol Aave said on August 14 that the TRM Labs API was responsible for banning users on its platform that had a connection to Tornado Cash….
In a recent Twitter poll on Ethereum censorship, Vitalik Buterin revealed that he voted to punish validators complying with censorship requests by burning their staked tokens. Ethereum co-founder champions censorship-resistant approach The poll was held by software engineer Eric Wall, who asked the Ethereum community if they would burn the staked tokens of validators who…
Aave has confirmed that the ban list provided by TRM Labs included Ethereum wallets that had been “dusted” with 0.1 ETH through Tornado Cash. The falsely flagged wallet addresses have now been removed from the “sanctioned” addresses and are again able to connect to the Aave front-end. The ban issued by Aave only stopped users…