“Privacy Tool Developed by Tornado Cash Developer Aims to Avoid Federal Attention”
In a bid to regain the trust of US authorities, developers of Tornado Cash have come up with a new solution that they hope will not attract any unwanted attention. The Ethereum coin mixer was banned in the US last year after it was discovered that it was being used by members of the North Korean cybercriminal group, Lazarus Group, to launder stolen money.
The new app, which is set to be released today, will allow Ethereum users to send and receive the cryptocurrency anonymously. However, it comes with a feature that verifies the user is not a member of any illegal organization, including the Lazarus Group.
The developers of Tornado Cash have been working hard to address the concerns raised by US authorities. They have implemented a number of measures to ensure that the app is not used for illegal activities. The app will now require users to go through a verification process before they can use it. This process will involve providing personal information, such as their name and address, and verifying their identity using a government-issued ID.
The developers have also implemented a number of security measures to ensure that the app is not hacked. The app will use a multi-signature system, which means that multiple parties will need to sign off on any transaction before it can be completed. This will make it much harder for hackers to steal funds from the app.
The developers of Tornado Cash are hoping that these measures will be enough to convince US authorities to lift the ban on the app. They believe that the app has the potential to be a valuable tool for people who want to protect their privacy online. They are urging US authorities to take a closer look at the app and to consider the benefits that it could bring to the cryptocurrency community.
The release of the new app is a significant milestone for the developers of Tornado Cash. They have worked hard to address the concerns raised by US authorities and to create an app that is both secure and user-friendly. They are hoping that the app will be well-received by the cryptocurrency community and that it will help to promote the use of Ethereum as a secure and anonymous cryptocurrency.