Geoff White

Somebody took $50,000 and started randomly sending it in tiny bits, tiny, tiny amounts to anybody who was famous who had an Ethereum wallet, including Jimmy Fallon, the comedian Jimmy Fallon, Shaquille O'Neal, basketball star Shaquille O'Neal. they started receiving. And of course, it shows up on the blockchain.

Somebody took $50,000 and started randomly sending it in tiny bits, tiny, tiny amounts to anybody who was famous who had an Ethereum wallet, including Jimmy Fallon, the comedian Jimmy Fallon, Shaquille O'Neal, basketball star Shaquille O'Neal. they started receiving. And of course, it shows up on the blockchain.

You can't hide it because you see Shaquille O'Neal's address and you can see it's received money from Tornado Cash. That's all logged. And so technically, technically, I guess you could argue Jimmy Fallon and Shaquille O'Neal have breached sanctions or sanctions dodging. And I guess you've could say they should be prosecuted for that.

You can't hide it because you see Shaquille O'Neal's address and you can see it's received money from Tornado Cash. That's all logged. And so technically, technically, I guess you could argue Jimmy Fallon and Shaquille O'Neal have breached sanctions or sanctions dodging. And I guess you've could say they should be prosecuted for that.

But the whole point of this exercise was to show how ridiculous it was that anybody, even famous people who've done clearly nothing wrong, can then, as a result of this sanctioning of Tornado Cash, get implicated in sanctions busting. The idea was just to illuminate how ridiculous this was. And so I don't know what Jimmy Fallon and Shaquille O'Neal have done about that, but it's tricky.

But the whole point of this exercise was to show how ridiculous it was that anybody, even famous people who've done clearly nothing wrong, can then, as a result of this sanctioning of Tornado Cash, get implicated in sanctions busting. The idea was just to illuminate how ridiculous this was. And so I don't know what Jimmy Fallon and Shaquille O'Neal have done about that, but it's tricky.

It was a fascinating sort of stunt that emerged as part of this.

It was a fascinating sort of stunt that emerged as part of this.

There's cryptocurrency tracing companies who claim they left it in for about four weeks and then extricated it. What we don't know, of course, is who it went to thereafter. So you can, with mixers, I mean, particularly when you're mixing a huge amount like $450 million, There are companies that track crypto.

There's cryptocurrency tracing companies who claim they left it in for about four weeks and then extricated it. What we don't know, of course, is who it went to thereafter. So you can, with mixers, I mean, particularly when you're mixing a huge amount like $450 million, There are companies that track crypto.

One of the things they do with mixes is they look at the amount going in, the amount going out. Now, you can't link, you know, this cryptocurrency payment is linked to that one going out. But you can see the volume and you can see the amounts going in, the amounts going out. And so I think that's what they've done is they've looked and gone, look, 450 million goes in.

One of the things they do with mixes is they look at the amount going in, the amount going out. Now, you can't link, you know, this cryptocurrency payment is linked to that one going out. But you can see the volume and you can see the amounts going in, the amounts going out. And so I think that's what they've done is they've looked and gone, look, 450 million goes in.

We can look at the outflows and sure enough, four weeks later, you know, 450 million comes out to put it in very simple terms. And so that money is now somewhere in cryptocurrency wallets. The other interesting thing is, well, then who do you take that to, to cash out? You've got to say to somebody, right, you know, here's, here's $450 million, which came from Tornado Cash, don't know where else.

We can look at the outflows and sure enough, four weeks later, you know, 450 million comes out to put it in very simple terms. And so that money is now somewhere in cryptocurrency wallets. The other interesting thing is, well, then who do you take that to, to cash out? You've got to say to somebody, right, you know, here's, here's $450 million, which came from Tornado Cash, don't know where else.

Could you transfer that and change it into pounds or dollars or yuan or whatever to There are people out there who'll do that, no questions asked, that they'll take a big cut. But doing that to $450 million, you've got to have some brokers that have got some serious, serious liquidity on their hands to be able to change that.

Could you transfer that and change it into pounds or dollars or yuan or whatever to There are people out there who'll do that, no questions asked, that they'll take a big cut. But doing that to $450 million, you've got to have some brokers that have got some serious, serious liquidity on their hands to be able to change that.

So the theory, I think, from some people is that there's a bit of a glut now of stolen money that the North Koreans are accused of stealing, that they're trying to cash out, but they can't cash out quickly enough. There's nobody can, you know, who can buy it off them for the $450 million or whatever they need. So that's where that's ended up, all that money.

So the theory, I think, from some people is that there's a bit of a glut now of stolen money that the North Koreans are accused of stealing, that they're trying to cash out, but they can't cash out quickly enough. There's nobody can, you know, who can buy it off them for the $450 million or whatever they need. So that's where that's ended up, all that money.

Yeah, exactly. So ideally you want a chop shop that can convert your big yellow bus into a bunch of tiny little smart cars or whatever. Just going back as well, this idea that Tornado Cash was sort of leaderless is now being thoroughly challenged in the courts.

Yeah, exactly. So ideally you want a chop shop that can convert your big yellow bus into a bunch of tiny little smart cars or whatever. Just going back as well, this idea that Tornado Cash was sort of leaderless is now being thoroughly challenged in the courts.