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Blockchain technology is about to transform every trust-based interaction of our lives, from financial services to identity, from health care to our Internet of Things devices. In this podcast, host Laura Shin talks with industry pioneers across tech, financial services, health care, government and other sectors about how the blockchain and cryptocurrency will open up new opportunities for incumbents, startups and everyday people to interact more efficiently, directly and globally.

Aug 19, 2022

Ari Redbord, Head of Legal and Government Affairs at TRM Labs, talks about the sanctions on Tornado Cash, and the role of blockchain analytics tools in crypto. 

 

Show highlights:

  • Ari’s background as a federal prosecutor and his work for the US Treasury
  • why regulators sanctioned Tornado Cash, according to Ari
  • why the Ronin hack was important for regulators to start taking DeFi hacks more seriously
  • the fact that for the first time the Treasury Department sanctioned software
  • whether the Office of Foreign Assets Control (OFAC) messed up
  • whether regulators understood the impact on regular users
  • the role of TRM and blockchain analytics tools in mitigating risk
  • how decentralized applications use tools like the ones provided by TRM to comply with regulations and to block addresses
  • why, if Ari were a regulator, he would focus on regulation guidance
  • whether the sanctions on Tornado Cash are unconstitutional
  • what the future of privacy in crypto looks like and whether the government is going after privacy technologies

 

Thank you to our sponsors!

 

1inch: https://1inch.io/

Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021

 

Ari

Twitter: https://twitter.com/ARedbord

 

Tornado Cash

 

 

Hacks linked to Tornado Cash

Ronin: https://www.cnbc.com/2022/04/15/ronin-hack-north-korea-linked-to-615-million-crypto-heist-us-says.html

Harmony: https://decrypt.co/104138/north-korean-attackers-behind-100m-harmony-hack-report

Crypto.com: https://www.wired.com/story/crypto-hack-nso-group-security-news/

Nomad: https://decrypt.co/106459/crypto-bridge-nomad-exploited-190m-frenzied-free-for-all

Previous Coverage of Unchained: Will the Nomad Mass Looting Change How Law Enforcement Treats DeFi Hacks?: https://unchainedpodcast.com/will-the-nomad-mass-looting-change-how-law-enforcement-treats-defi-hacks-ep-382/