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CoinCulture spoke confidentially with a Tornado Cash team member who has been granted anonymity for their safety and will be referred to in this article as “T.C. Member.” The donor to Tornado Cash said that multi-sigs took down the DAO. Better safe than sorry, unless things settle down.
Tornado Cash DAO’s Closure
When T.C. Member was informed about the TRM Labs’ API causing protocols such as Aave, Uniswap, and Balancer to punish Tornado Cash addresses, they stated, “there goes decentralisation,” and branded the situation as “shitty.”
After the closure of Tornado Cash DAO, DAO funds have been restored to Governance contracts, and multi-sig has been removed. T.C. Member stated that removing DAO multi-sig signals might end Tornado Cash. While reiterating that this is only their view, a member of the T.C. clarified that multi-sigs terminated the DAO… Tornado Cash cannot compete with the U.S.
Regarding the event, a member of the T.C. stated that nobody did anything wrong… [the] world was messed up. They acknowledged that the DAO was shut down to protect members and prevent legal complications since the situation is hazardous for all developers, including those outside the Tornado Cash ecosystem.
Six degrees of tornado cash is a thing. Even crazier, while only 0.03% of addresses received ETH from tornado cash, almost half the entire ETH network is only two hops from a tornado cash receiver. pic.twitter.com/LDU9g0r7tQ
— ElBarto_Crypto (@ElBarto_Crypto) August 13, 2022
The capture of Aleksey Pertsev
TC Member verified that they believe Roman Storm, Co-Founder of Tornado Cash, was searching for attorneys in the Netherlands a few days ago, which must have been for Aleksey. The information that reached T.C. Members before the arrest suggests that Aleksey may have anticipated his arrest.
After a tumultuous week, most T.C. members confessed they needed a break. Tornado Cash’s future is incredibly bleak, as its TORN coin is down 20% then. Due to the DAO’s closure and the deletion of the multi-sig wallet, the TORN governance token’s function remains unaltered.