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Tether will not freeze Tornado Cash addresses

142 点作者 dgs_sgd超过 2 年前

18 条评论

yuan43超过 2 年前
&gt; ... In fact, in our dealings with law enforcement we are sometimes made aware of addresses potentially related to crime and are specifically instructed not to freeze the addresses without the explicit request from law enforcement as this could alert suspects of the law enforcement investigation, cause liquidations or abandonment of funds and jeopardize further connections that might have been established.<p>I&#x27;m not sure what&#x27;s worse: the fact that an important chunk of Tether can be with blocked with just the slightest due process, or the fact that that the same lack of due process can keep addresses unblocked.<p>It&#x27;s also hilarious how different parts of the executive branch seem to be at odds with each other over what to do. Treasury says blacklist now, ask questions later, and DoJ says (or might at least be thinking) wait, wait - don&#x27;t blacklist, we&#x27;re following perps on the blockchain.<p>Those who believe that the long arm of the law is bearing down on Tether might want to consider the possibility that Tether will remain operational much longer than seems reasonable. As revealed in this article, it&#x27;s become a very useful tool for conducting criminal investigations.
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otoburb超过 2 年前
&gt;&gt;<i>Tether has not been contacted by US officials or law enforcement with a request to freeze the addresses sanctioned by OFAC, but as noted above, Tether normally complies with requests from US authorities, being in contact with them almost on a daily basis.</i><p>Rephrased as: &quot;US Treasury, we&#x27;re ready to lock &amp; freeze as many addresses as you need -- just give us the word!&quot;
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politician超过 2 年前
OFAC rules don’t require notice by a government agency. They’re automatically incumbent upon all citizens to follow.
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georgewsinger超过 2 年前
Over the past few years people have presented a lot of (seemingly credible, IMO) red flags that Tether could be something resembling a scam, and on the verge of a sudden &quot;bankrun&quot; at any moment. The consensus opinion, at least 6 months ago, was that Tether = scam.<p>Yet they&#x27;ve survived the crypto crash, and their coin is still pegged to the dollar. I&#x27;m curious what people make of this? Have opinions changed?
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loeg超过 2 年前
Tether has never worried about the rule of law before; why start now?
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davidgerard超过 2 年前
This looks a bit like Tether attempting to steal DeFi market share from USDC - as Circle is a US entity, USDC blocked all the addresses immediately.
paulpauper超过 2 年前
Teather and USDC will freeze funds with any court order. Unless it&#x27;s defi, these are worse even keeping money in a Greece or Lebanese bank account...pure centralization, no protection.
rossdavidh超过 2 年前
So, if Tether _were_ to freeze Tornado Cash addresses, do we have any idea of how bad this would be for Tether? As in, how much of the volume through Tether would be impacted? I&#x27;m just speculating here, but is it perhaps the case that Tether cannot afford to freeze Tornado Cash addresses without entering some sort of vicious spiral downwards, as lower volume makes it harder to keep the peg, which makes volume (in) even lower, which makes it even harder to keep the peg, etc.?<p>Just uninformed speculation, I don&#x27;t know the crypto space, just throwing it out for the more informed to comment on.
JonathanBeuys超过 2 年前
What does it mean to &quot;freeze Tornado Cash addresses&quot;?<p>I can&#x27;t make anything of this sentence. Wouldn&#x27;t miners be the only ones to &quot;freeze&quot; assets on an Ethereum address, and only if 51% of them collude to not accept blocks in which funds from those addresses are moved?
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throwaway4good超过 2 年前
So if tether or usdcoin freezes an address and that address never gets unfrozen like it looks like will be the case here. Who gets the dollars presumably held by tether? Is it just left at tether or would tether pay the us treasury?
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Yizahi超过 2 年前
- &quot;And what are you gonna do to us? Force operations to the offshore? Force us to use shady offshore bank? Not allow USD to USDT pairs?&quot; (c) Giancarlo, laughing probably, sitting on a billions of mafia cash.
londons_explore超过 2 年前
I feel like this is an attempt to allow as many tornado cash users as possible to withdraw their money from the liquidity pools.<p>By being &#x27;slow&#x27; to block this address, it gives people time to withdraw. Remember that many tornado cash users are <i>not</i> money laundering too.
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eganist超过 2 年前
Is this essentially admission of non-adherence to OFAC requirements?
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nathias超过 2 年前
I don&#x27;t rally get what the US made illegal in this case? The name? The instance? It is trivial to fork tornado.cash and deploy it as hurricane.cash, is that legal then?
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WXLCKNO超过 2 年前
The only stablecoin people should use through Tornado Cash is DAI.
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faangiq超过 2 年前
This is fairly comical given that tether itself is a criminal enterprise.
lavventura超过 2 年前
this news was enough to pump Tornado Cash 50% and dumped 40% afterwards
JaggerFoo超过 2 年前
Way to go Tether you&#x27;re our decentralized hero! You&#x27;re so awesome! You should book an appearance on &quot;Bankless&quot; and take a bow so the crypto community can bask in your bravery.<p>Sheesh, crypto is like junior high school.<p>Cheers