1 year ago
A Tornado Cash developer identified arsenic “Gozzy” has initiated a proposal to person $240,000 successful remuneration to proceed improvement activities connected the sanctioned mixing protocol.
Gozzy wrote:
“Given the deficiency of assistance astatine hand, the complexity of the technology, and the imaginable ineligible litigations that whitethorn originate from my engagement with the organization, I americium advocating for a competitory wage which stands astatine $240,000 per.”
The U.S. Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash successful August for allegedly facilitating the laundering of implicit $7 cardinal worthy of cryptocurrencies.
The OFAC authorisation led to the apprehension of Tornado Cash developer Alexey Pertsev, which forced Tornado DAO to halt operations to support its members harmless from further indictment.
The outgo volition beryllium issued astatine astir $60,000 per 4th via a Sablier stream, which tin beryllium controlled on-chain done the governance process.
Based connected the proposal, the developer’s responsibilities volition scope from maintaining Tornado’s website, moderating assemblage activities, further processing the protocol, and providing acquisition resources for Tornado Cash users.
The governance voting process connected Gozzy’s connection is scheduled to commence connected Dec. 24, for each surviving TORN token holders.
Efforts to resurrect Tornado Cash
A Johns Hopkins prof called Mattew Green re-uploaded the Tornado Cash’s root codification days aft it was removed from GitHub and said the codebase was important for teaching his students.
Pro-crypto Congressman Tom Emmer besides called retired the U.S. Treasury for sanctioning a permissionless protocol. He urged the Treasury to respect the privateness of individuals successful the discharge of its duties.
Coinbase reportedly sponsored a radical of Tornado Cash users who filed charges against the U.S. Treasury for allegedly violating their close to privacy.
The station Tornado Cash developer seeks $240K wage to resurrect protocol appeared archetypal connected CryptoSlate.
English (US) 