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#104 - Wachtell Lipton's David Adlerstein and Kevin Schwartz on Decentralization, Smart Contracts, Tornado Cash & NFTs

Law of Code

CHAPTER

Tornado Cash: A Gateway Drug to More on the Topic

Tornado cash is basically a crypto mixing service. 26% of the volume that went through it was illicit and involved bad actors, including North Korea. OFAC designation really treated tornado cash as a person, as a legal matter. And the implication was also that the smart contract, which again is just a piece of code running on the internet, is property.

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