Tornado Cash And The Problem of Bitcoin Mixers
Too Long; Didn't ReadThe U.S. Department of Treasury blacklisted Tornado Cash on 8 August 2022. Tornado Cash was running an illegal crypto service that made it easy for criminals to launder money. Two days after it was blacklisted, Alexey Pertsev, one of the founders of the protocol, was arrested and detained in Amsterdam. The question remains; why? What made Tornado Cash so dangerous that the federal government deployed everything they had to bring it down? It's easy, a crypto maximalist, to argue that the government is wrong to be against these mixers.