Tuesday, August 9, 2022

Crypto gets hit by a Tornado - btbirkett@gmail.com - Gmail

Crypto gets hit by a Tornado - btbirkett@gmail.com - Gmail 

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As much as Tornado epitomizes the crypto dream of a decentralized business — operating away from the prying eyes of government agencies in the name of privacy rights — the rest of the technology isn’t up to speed. Much of the cryptosphere relies on traditional platforms to run their day-to-day operations, like Alphabet’s Gmail, Microsoft-owned code repository GitHub and chat app Discord.

Within hours of Tornado’s sanctions notice being posted, emails sent to the company’s founders bounced. Its website, where Google was listed as the domain registrar, returned a 404 error. Its GitHub account was similarly empty, partially foiling any attempts to replicate Tornado’s code with new platforms that could take its place. Even some of Tornado’s crypto got caught in the fray, with its holdings of stablecoin USDC frozen by the token’s issuer Circle.

Source: @jerallaire

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