Bitcoin News and Finance
Snoop Dogg, Steve Aoki, Logan Paul, and Beeple Dusted by OFAC-Banned Tornado Cash Transactions Skip to main content

Snoop Dogg, Steve Aoki, Logan Paul, and Beeple Dusted by OFAC-Banned Tornado Cash Transactions

Following the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) banning Tornado Cash and a number of associated Ethereum-based addresses, an anonymous Tornado Cash user has dusted a swathe of well known wallets tied to ENS domain names. Onchain data shows that a number of celebrities and organizations received 0.1 ether from the platform. Blockchain explorers indicate Linkin Park’s Steve Aoki, Youtuber Logan Paul, the Ukraine Crypto Donations address, comedian Jimmy Fallon, the sneaker company Puma, and rap star Snoop Dogg are among the recipients.

Celebs and Well Known Organizations Receive 0.1 Ether From the Tornado Cash Platform

Things got interesting following the recent United States government ban against the ethereum (ETH) mixer Tornado Cash after a number of well known organizations and celebrities received funds from the sanctioned platform. The organizations and celebrity addresses are public knowledge because many of them purchased Ethereum Name Service domains and others have shared their public addresses by showing off their valuable non-fungible tokens (NFTs).

For instance, it is public knowledge that “Shady_Holdings” is an account on Opensea and its associated ethereum address is connected to Marshall Mathers, otherwise known as the rap star Eminem. Mathers, however, got lucky and did not get dusted like some of the other famous NFT collectors that did receive OFAC-banned ethereum.

It’s not guaranteed that the ENS domain names that were dusted are directly connected with the names registered, as anyone can register an ENS name if it’s not yet taken. But the public is aware of many individuals and companies that have revealed purchasing ENS domains, like when the American beer manufacturer Budweiser purchased the beer.eth ENS name for $96K on August 11, 2021. A few celebrities who bought expensive blue chip NFTs like Bored Apes or Cryptopunks have purchased these NFTs with registered ENS domains using their actual name.

On August 9, 2022, reports detailed that an anonymous Tornado Cash user dusted or sent small fractions of ETH to a number of ENS names that are ostensibly tied to celebs and well known organizations. The sender sent 0.1 ETH worth $168 to a great number of addresses, some of which allegedly belong to the sneaker giant Puma and the Ukraine Crypto Donations ether address. Furthermore, ENS names reportedly tied to Coinbase CEO Brian Armstrong and Andreessen Horowitz co-founder Ben Horowitz were sent a small fraction of the so-called ‘tainted ether’ as well.

Onchain data shows Snoop Dogg’s alias ENS name “Cozomo de’ Medici” was dusted. Youtuber Logan Paul, Steve Aoki from Linkin Park, the popular NFT artist Beeple, and the American television host and comedian Jimmy Fallon were recipients in the dusting. Randi Zuckerberg, Shaquille O’Neal, and Dave Chappelle were also dusted by OFAC-banned ether.

A majority of the ENS names have been verified to be associated with the actual person because at one time they were showing off their beloved NFT. Because it’s illegal for an American to interact with Tornado Cash in any way, those who do associate with the platform may get investigated and some may face charges for disobeying sanctions laws.

However, because the mass dusting caught the attention of the media and crypto users on social media, it’s pretty clear that the dusted people and organizations had no intention of receiving funds from the sanctioned entity. U.S. laws note that any American citizen or U.S.-based organization that intentionally interacts with Tornado Cash or any of the sanctioned crypto addresses, can face penalties like prison time and fines between $90,000 to $308,000 per violation.

What do you think about the mass Tornado Cash dusting of famous people and organizations? Let us know what you think about this subject in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Post a Comment
Read more
Blogarama - Blog Directory