Monday, December 5, 2022
HomeETHEthereum co-founder Vitalik Buterin says “Yes” on using Tornado Cash to donate...

Ethereum co-founder Vitalik Buterin says “Yes” on using Tornado Cash to donate to Ukraine

Ethereum creator, Vitalik Buterin admitted in a tweet on August 9, that he used Tornado Cash to donate to Ukraine in the ongoing war against Russia.

In a recent discussion on twitter platform on the use cases of Tornado Cash and the benefits of financial privacy, Ethereum co-founder Vitalik Buterin said, “I used Tornado Cash to privately donate to Ukraine.” 

Further when asked whether he had done the donation in fear of government repercussions, Vitalik said, he utilised Tornado Cash to safeguard the beneficiaries of the funds instead of himself.

Moreover, by mentioning his old tweet with Editor-in-Chief, Margarita Simonyan, of a media company, stating “go fuck yourself,” Vitalik clarified that the Russian government knows his stance on the Ukraine issue.

Vitalik’s admittance to using Tornado Cash comes just after the US Treasury put the Tornado Cash website and smart contract on its sanction list prohibiting the resident and US companies from further interacting with the protocol.

In response to the Treasury step, Circle, the stablecoin issuer banned all the addresses on the sanction list freezing nearly 75,000 USDC of the Tornado user.

The Treasury’s transition to penalise Tornado Cash has mobilised numerous in digital currency, including the absolute most noticeable and persuasive industry pioneers and lobby groups. Coin Center, wrote in an explanation yesterday that “sanctioning a tool that isn’t an alias of any individual justifying sanction is considerably not quite the same as regular use of the SDN list.”

It then added that the Treasury’s move was an illustration of “a prohibition on an innovation” instead of a sanction against an individual, proposing the sanction might be unlawful and conflict with the First Amendment of the U.S. Constitution.

Read more CryptoShrypto news:
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

7 + four =

- Advertisment -

Most Popular