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by dvt 1181 days ago
If Tornado Cash was shut down (where everyone was pseudo-anonymous), SushiSwap can definitely be shut down. And TC wasn't exactly "shut down," it was just crippled by being blacklisted by USDC (Circle), essentially banned from all legitimate exchanges via sanctions, etc. Without liquidity, these financial toys are just dead code.
3 comments
monero-xmr 1181 days ago
What's interesting is a steady stream of volume continues to flow through Tornado Cash, proving that it was indeed decentralized enough to withstand global sanctions. Although all funds exiting it are suspicious. One thing to remember is that the sanctions on TC currently only apply to US citizens and companies, although effectively given the US' dominant financial position globally, is indeed a massive red flag.

https://decrypt.co/123751/euler-finance-hacker-sends-1-6m-et...

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luizcdc 1181 days ago
The relevant bit is that the guy that is supposedly "running" this alledged unregulated security exchange can't shut it down himself. How is he running it if he's got no actual power over it?
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berberous 1181 days ago
Tornado Cash was sanctioned by OFAC, which makes it illegal for U.S. persons to interact with the relevant contract addresses to the same extent as interacting with North Korea.

SushiSwap is not going to be sanctioned. It's not clear what the U.S. could do to shut it down in the same manner, although of course, they could bring enforcement actions like this one and scare off any U.S. person from working on it.

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