📣FIGURE | CRYPTO-BACKED LOANS & ~9% RWA YIELD https://bankless.cc/Figure --- Ryan and David break down a week where war hit markets, and the safe-haven playbook broke down. Oil spiked, gold failed, bonds sold off, the dollar caught the flight to safety, and crypto somehow bounced right through it. Then they unpack Trump’s public pressure campaign against banks over stablecoin yield, Kraken’s historic Fedwire breakthrough, and why crypto is starting to look less like an outsider and more like part of the fin ...

The precedent this would set for Open Source code is CRIMINAL in itself.The creator of tornado cash created an open source code base, for anyone to use, develop on top of, and be free for individuals.The fact that they want to RE TRY the developer, and could face 40 YEARS in prison…If this leads to a guilty charge…Then should we also be filing charges against Chromium? The web browser? Cause people go to sites that have illegal material?VS code? For any app that has done anything illegal, because it was wri ...

Core Viewpoint - Uniswap has recently achieved significant legal victories, including the dismissal of a patent infringement lawsuit and a class action lawsuit, which is seen as a positive development for decentralized finance (DeFi) as a whole [1][2]. Group 1: Legal Developments - A federal judge dismissed a patent infringement lawsuit against Uniswap brought by Bancor, a competing decentralized exchange [1]. - Another federal judge dismissed the final element of a class action lawsuit targeting Uniswap's creators, which was initiated by traders who lost money on scam tokens [1][2]. - The judge ruled that plaintiffs could not hold Uniswap liable for the misconduct of unidentified third-party issuers of the scam tokens [2]. Group 2: Nature of DeFi Protocols - True DeFi protocols are characterized as permissionless and immutable, allowing anyone to use them without restrictions and preventing even the creators from altering access [3]. - This inherent freedom in DeFi protocols can lead to various forms of malfeasance, as it does not limit access to only legitimate users [3]. Group 3: Related Legal Cases - The case of Roman Storm, a software engineer charged with conspiracy to launder money through Tornado Cash, highlights the legal challenges faced in the crypto space, particularly regarding the use of protocols for illicit activities [4]. - In the Uniswap case, traders from multiple regions alleged they used Uniswap's platform to purchase tokens that were later identified as scams, leading to their lawsuit against Uniswap [5]. - The federal court dismissed the claims against Uniswap, suggesting that the issues raised were more appropriate for legislative action rather than judicial intervention [6].

RT MilliΞ (@llamaonthebrink)The entire industry should be rallying behind @rstormsf and praying that he wins his Tornado Cash case.He built an honest privacy tool, and he was punished for it.That’s unacceptable.But from a different perspective, our industry also NEEDS him to win.We need it because otherwise none of the new privacy protocols will dare to build something truly empowering without ultra backdoor cucking and self imposed limitations.Today we have tons of new “privacy” products that are utterly s ...

Core Insights - Richard Heart, founder of HEX and PulseChain, has initiated a new fundraising round for his protocol ProveX, raising over $410 million [1] - Approximately $400 million (around 120,000 ETH) of the raised funds is alleged to have originated from Richard Heart himself, utilizing Tornado Cash for fund laundering, involving over 950 addresses [1] - The ETH involved has experienced a loss of approximately $280 million due to the decline in ETH prices since being deposited into Tornado Cash [1] Fundraising Details - ProveX has successfully accumulated over $410 million in its latest "Sacrifice" fundraising round [1] - The funds raised include a significant portion that is linked to previous PulseChain-related addresses [1] Fund Laundering Allegations - The funds in question were funneled through Tornado Cash and subsequently distributed across more than 960 wallets before reaching ProveX [1] - The laundering process has raised concerns regarding the legitimacy of the funds, as they are tied to Richard Heart [1]

Core Insights - Richard Heart, founder of HEX and PulseChain, has initiated a new fundraising round for his new protocol ProveX, raising over $410 million [1] - Approximately $400 million (around 120,000 ETH) of the raised funds is alleged to be from Richard Heart himself, laundered through Tornado Cash, involving over 950 addresses [1] - The ETH involved originated from previous PulseChain-related addresses, passing through Tornado Cash before flowing into ProveX Sacrifice via over 960 wallets; due to the decline in ETH prices, this portion has incurred a loss of approximately $280 million compared to its initial deposit in Tornado Cash [1]

RT Emmett Gallic (@emmettgallic)Richard Heart (Founder of Hex, Pulsechain, ProveX) launched another "Sacrifice" for his new protocol ProveX and managed to get over $410M in sacrifices.Only thing is that $400M (120K ETH) of the funds came from him laundered through Tornado Cash using over 950 addresses... https://t.co/Ds8HqHgjE0 ...

Core Insights - A wallet address associated with Cambodia's Huione has deposited approximately $5.19 million in assets into Tornado Cash, including 1,017 ETH and 212 BNB, and the wallet has since been emptied [1] Group 1 - The total amount deposited into Tornado Cash from the Huione-related wallet is around $5.19 million [1] - The assets deposited include 1,017 ETH and 212 BNB [1] - The wallet in question has been cleared of its assets [1]

吴说获悉，据 Cyvers Alerts 监测， Arbitrum（ARB） 网络出现多笔涉及代理合约的可疑交易，造成约 150 万美元损失。初步分析显示，USDGambit 与 TLP 项目的单一部署者账户可能失去访问权限，攻击 者随后部署新合约并更新 ProxyAdmin 权限以取得控制权。被盗资金已跨链至以太坊并转入 Tornado Cash。 （来源：吴说） ...

Group 1 - A victim suffered a loss of approximately 50 million USD due to an address poisoning attack [1] - The affected funds were converted to ETH and transferred to multiple wallet addresses [1] - Some of the funds have started flowing into Tornado Cash accounts [1]