Manta Network Co-Founder: Tornado Cash Ban Could Spell Disaster for Other Privacy Protocols

Speaking to Cointelegraph, Shumo Chu, co-founder of Manta Network expressed worry that the strict sanctions against Tornado Cash could have a knock-on effect on every Web3 protocol including ones providing privacy. Chu added that there have been instances in the past where cryptography developers have been arrested, such as Ethereum developer Virgil Griffiths, but that banning a protocol is "a new paradigm" signaling the government is attempting to put a reign on code and mathematics itself. "They are banning the protocol instead of some people. Essentially this is a piece of code from the Ethereum blockchain."
Source

Web3

Ethereum

DeFi

In This Article

Related News
TON Foundation offers path to 10-year UAE 'Golden Visa' for $100k in staked TON, $35k fee; UAE denies eligibility TON Foundation offers path to 10-year UAE 'Golden Visa' for $100k in staked TON, $35k fee; UAE denies eligibility
JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global
Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
Robinhood completes $200 million acquisition of crypto exchange Bitstamp Robinhood completes $200 million acquisition of crypto exchange Bitstamp
Vitalik Buterin suggests implementing ‘partially stateless nodes’ to help scale Ethereum Vitalik Buterin suggests implementing ‘partially stateless nodes’ to help scale Ethereum
Latest News More More
4 Days Ago Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up
5 Days Ago North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
June 25 Circle's post-IPO stock surge pushes market cap near Coinbase and USDC
June 20 Kraken offers bitcoin ‘staking’ yield via Babylon without wrapping or lending
June 17 Trump makes over $57 million from WLFI sales, Truth Social files for Bitcoin and Ethereum combo ETF, and more
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open