News for hackers. Stuff that matters.

A comment on U.S. Treasury sanctions virtual currency mixer Tornado Cash. Parent comment

Re:U.S. Treasury sanctions virtual currency mixer Tornado Cash by birdyrooster on Monday August 08, 2022 @01:00PM (#32388067)
Except this isn't currency. This is property (a definition given by the SEC) which has a completely different legal standard. There is no excuse of ignorance for receiving and selling stolen property or property used in service of a crime. It's an open secret that crypto is being used for illegal activity because it is not being enforced currently.
[ Parent | on HN ]
Re:U.S. Treasury sanctions virtual currency mixer Tornado Cash by Sinbe on Tuesday August 09, 2022 @05:43AM (#32395867)
> There is no excuse of ignorance for receiving and selling stolen property or property used in service of a crime

Let's say your public address is public, all your net worth is there. A tainted account can send a small amount to you, nothing you can do about it. Is your account now tainted as well? If yes then bad actors now have a powerful tool of wealth destruction.

[ Parent | on HN ]