Developer Ports Twister Money Protocol to MegaETH Testnet After OFAC Sanctions Elimination

A developer has efficiently ported the controversial crypto privateness instrument Twister Money to the MegaETH blockchain’s public testnet, enabling personal transactions on the high-performance community.

MegaETH, which just lately launched, boasts a throughput capability of as much as 20,000 transactions per second.

The developer, identified pseudonymously as Gunboats, stated the thought was sparked by the U.S. Treasury’s current removing of Twister Money addresses from the OFAC sanctions record, following a court docket ruling earlier this yr.

Twister Money Relaunches on MegaETH Testnet as ‘ETHTornado’

The brand new deployment on MegaETH is titled ETHTornado.

“I assumed, possibly somebody ought to attempt to deploy [Tornado Cash] on the most popular factor proper now… there isn’t a change in code wanted and that’s actually an excellent factor,” Gunboats wrote on X.

Describing the transfer as “half a joke,” Gunboats stated they used the now-outdated Truffle framework to port the protocol.

Some within the crypto neighborhood raised issues in regards to the potential for pockets “dusting,” the place small quantities of crypto are despatched to many wallets, probably affecting their eligibility for airdrops.

One X person, 0x_ultra, identified that a number of crypto tasks disqualify wallets linked to Twister Money from receiving token rewards.

This follows a current check by MegaETH through which 190,000 wallets acquired testnet tokens in simply 15 seconds.

Gunboats dismissed the dusting subject as minor.

“It’s actually foolish anyway whether or not you may mud individuals’s pockets at 10ms or 12 seconds a time—the top result’s you bought placed on the record,” they stated.

Bread, MegaETH’s head of neighborhood and development, reacted positively to the deployment, encouraging Gunboats so as to add the venture to the platform’s neighborhood wiki.

Gunboats, who claims to be primarily based exterior the U.S., additionally dismissed authorized issues surrounding the venture, referencing Roman Storm, a Twister Money developer going through authorized motion from the U.S. Division of Justice.

Whereas the protocol has but to achieve traction on MegaETH, Gunboats famous the shortage of a user-friendly frontend as a present limitation to broader adoption.

U.S. Treasury Lifts Sanctions on Twister Money, Citing Evolving Digital Finance Insurance policies

The U.S. Treasury Division has formally lifted sanctions on the Ethereum-based transaction mixing protocol Twister Money, citing a reassessment of its method to regulating decentralized monetary applied sciences.

In a press launch issued Friday, Treasury officers said that the choice got here after reviewing the applying of present sanctions legal guidelines to decentralized platforms.

The replace follows a court docket submitting earlier within the week within the case of Van Loon v. Division of the Treasury, the place authorities attorneys acknowledged that developments in monetary expertise demand a modernized authorized framework for making use of sanctions.

Though Twister Money is not on the Workplace of Overseas Property Management (OFAC) sanctions record, the Treasury made it clear that it’s going to proceed to observe and fight illicit use of digital belongings, significantly in relation to cybercrime and North Korean-linked cash laundering schemes.

“Securing the digital asset trade from abuse by North Korea and different illicit actors is important to establishing U.S. management and guaranteeing that the American individuals can profit from monetary innovation and inclusion.”

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