Tornado is not the first crypto currency mixer to face hot waters with regulators for illegal activity. In the past, we've seen sanctions against blender dot io and north crean one. But what do you think this means for the future of them? Is it just a matter of time before the us. goes for all of them? Or is there a chance that crypto mixers can exist?
Welcome back. This week, Jacquelyn and Anita ran the show while Lucas was off on vacation. We got up to speed on the U.S. government’s crackdown on cryptocurrency mixer Tornado Cash because of its role in facilitating money laundering. While it’s true that hackers have long used Tornado to fuel illicit activity, we tried to answer some bigger questions: what is a mixer in the first place, and what exactly would someone use one for if not crime?
This week’s episode comes just after Coinbase announced its long-awaited, ultimately disappointing second-quarter results, so we ran through the numbers and what they mean for the industry. We also talked about Binance and Indian exchange WazirX, which might never, ever, ever be getting back together.
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Helpful links:
https://techcrunch.com/2022/08/08/ethereum-co-founder-sees-role-diminishing-as-blockchain-becomes-increasingly-decentralized/
https://techcrunch.com/2022/08/08/treasury-tornado-cash-laundering-stolen-crypto/
https://techcrunch.com/2022/08/09/coinbases-earnings-fall-short-of-expectations-as-crypto-winter-rages/
https://techcrunch.com/2022/08/06/binance-says-it-doesnt-own-indian-exchange-wazirx-years-after-acquisition-announcement/
https://techcrunch.com/2022/08/08/binance-tells-estranged-partner-wazirx-customers-to-move-funds-to-discontinue-off-chain-transfer/
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