Regulation

Early Contributor of Banned Tornado.Cash Announces Launch of New and Improved Version of Mixing Service

One of many early contributors behind main coin-mixing service Twister.Money has introduced the launch of an up to date model of controversial software program.

In a tweet to his 36,000 Twitter followers, Ameen Soleimani says that Twister Money has been “fastened” with the launch of Privateness Swimming pools, which is constructed on Ethereum-scaling answer Optimism (OP).

“We fastened [Tornado Cash]

v0 of privacypools.com is dwell on [Optimism]

take a look at out the demo, however please notice:
– that is experimental code
– it has not been audited
– the trusted setup is untrusted”

With Privateness Swimming pools, Soleimani says that customers will now have the choice to assist regulators isolate illicit funds, with out revealing their transactions historical past.

“In my private opinion, privacypools.com is strictly higher than TornadoCash

With privateness swimming pools, simply because somebody deposits into the identical sensible contract as you, it doesn’t imply they will additionally drive you into sharing an anonymity set with them.

It’s your alternative.

Some would possibly disagree, however as a result of privacypools.com enhances consumer sovereignty by giving customers extra alternative, not much less, I don’t imagine it counts as ‘narcware.’”

The developer provides that Privateness Swimming pools gained’t be the ultimate product, and that the transport of the brand new app is to “begin a dialog” and “assist regulators perceive a doubtlessly extra engaging equilibrium between privateness and regulation that we didn’t even know existed a couple of months in the past.

Twister.Money was blacklisted by the U.S. Treasury Division final 12 months underneath alleged nationwide safety threats.

The creator of Twister Money, Alexey Pertsev, was additionally arrested in Amsterdam final 12 months, and has been in jail ever since, regardless of not being convicted of any crime. He’s awaiting a listening to slated for April.

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Featured Picture: Shutterstock/Natalia Siiatovskaia/Mia Stendal



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