Jacob Illum, Chief Scientist at Chainalysis, co-authors a groundbreaking paper on privacy pools designed to enhance crypto anonymity in a regulatory landscape. He delves into how this protocol, backed by Vitalik Buterin, separates legitimate funds from illicit ones, addressing shortcomings of Tornado Cash. Illum explains zero-knowledge proofs as critical technology behind the pools and raises intriguing discussions on user privacy, the role of association set providers, and managing potential risks associated with bad addresses.