cryptonews: An early developer of the U.S.-sanctioned Tornado Cash crypto mixing service has forked it to create Privacy Pools, which lets users blacklist shady wallets.
The biggest of those hacks was the Lazarus Group's theft of $620 million from the Ronin Network cross-chain payments bridge. It is run by the developers of top blockchain-based game Axie Infinity.
In August, the U.S. Treasury Department's Office of Foreign Assets Control placed Tornado Cash under sanctions, making it illegal for Americans to do business with it in any way. Crypto industry groups are Rather than identify the owner of crypto mixed through Privacy Pools, ZKPs would allow someone to prove that the assets do not come from a blacklisted source, such as a sanctioned digital wallet.
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