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Aug 9, 2022 7 tweets 5 min read Read on X
🌌 The Crypto-Mixing Service #TornadoCash $TORN Blacklisted by US Treasury #OFAC

A short thread to catch up on the latest happenings of the above event

👇👇 Image
About Tornado Cash

• Tornado Cash is a protocol that makes transactions anonymous on the @ethereum network

, and it is this feature that makes Tornado Cash a “favorite” tool in “hacks” to erase traces and withdraw large amounts of money. Image
@ethereum The reason for this action

• The US Gov believes that Tornado Cash is accused of helping to launder up to 7 billion USD of dirty money.

, including cryptocurrencies from hacker organizations such as Lazarus Group and the recent DeFi attacks such as Horizon, and Nomad Bridge. Image
@ethereum ...

-> Therefore, the sanction now prohibits US investors from using the coin-mixing service’s chain in illegal activity.
@ethereum What happened after the above announcement

• More than 40 related Tornado Cash crypto addresses are on the Office of Foreign Assets Controls (OFAC) special sanctions list.

• Circle (USDC) Blocks Wallets Linked to Tornado Cash After US Sanctions.

home.treasury.gov/policy-issues/… ImageImage
@ethereum More Updates from Tornado Cash

• GitHub of Founder Tornado is locked
• The website is currently not working
• $TORN price down 30% and no recovery yet. ImageImage
@ethereum Conclusion

🙄 According to the US side, the country's Ministry of Finance will punish crypto mixer Tornado Cash for helping to launder money.

But Tornado Cash is just a smart contract, how can it be punished? 😂

More and more regulations lately.. what are your thoughts?

• • •

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More from @solana_daily

Nov 7, 2022
Solana Ecosystem Update (Week 44)

Take a look back what happens on Solana last week

#SolanaDaily #Solana Image
1/ Solana Network Update

@googlecloud brings @solana data to BigQuery platform.

Specifically, Google Cloud has officially confirmed to become a validator for Solana through the BigQuery platform.

$SOL price increased strongly right after the news was released. Image
@googlecloud @solana 2/ DeFi

Solana Mobile, a subsidiary of Solana, will allow users who have pre-ordered Saga, their first mobile product, to be officially minted with the Solana Pass NFT.

#Solana Image
Read 5 tweets
Aug 9, 2022
⚡️⚡️ BREAKING - STEPN launched $GMT Earning Plans

Read the rules for GMT Earning here 👇
stepnofficial.medium.com/stepn-launches…

#MoveToEarn @Stepnofficial Image
@Stepnofficial ✨ Some highlights you need to know about the $GMT earning event 🧵,

#Solana #MoveToEarn
@Stepnofficial StepN's goals

• The loyal users should be rewarded as they stay with the project for the long term.

-> Offering its users new types of gameplay they could enjoy.

-> Serving other features that could better connect them.
Read 6 tweets
Jul 5, 2022
An overview of Crema Hack 👨‍💻

👉 Get the details in 🧵🧵 below

#Solana #Defi Image
1. Crema Finance

Crema is the first Concentrated Liquidity Protocol on Solana ecosystem, enables investors to provide liquidity while earning high returns

It was expected that around $8.7M was exploited on 2nd July

2.

The Crema team sent an on-chain message to the hacker’s Ethereum address, letting the hacker have 72 hours to consider becoming a white hat, keeping the $800k bounty, and transferring the remaining funds

Law enforcement and relevant organizations shall be applied otherwise Image
Read 9 tweets
Jan 28, 2022
IMPACT OF SABER LP TOKEN PROPOSAL ON SOLEND   
 
Lately, the proposal of the addition of the @Saber_HQ  LP token to be an asset on @solendprotocol has been executed. Check the thread below to see the impact of this addition.
 
#Solanaszn #impact $SLND $SBR Image
@Saber_HQ @solendprotocol 1. @solendprotocol is by far the largest lend-borrow market on Solana, with over $1B of user deposits.
However, over $234M of this is in USDC or USDT ~ ¼ total deposit. If this were in Saber, it would earn both swap fees and contribute to TVL of both protocols

#Solanaszn #impact
@Saber_HQ @solendprotocol 2. So, based on this, there was a proposal of 85,000 SBR of incentives for borrowing USDC-USDT LP on @solendprotocol

#Solanaszn #impact
Read 10 tweets
Jan 7, 2022
SOLANA MONEY ATTRACTION ?

The @solana ecosystem is now experiencing a major decline in comparison with other large ecosystem. So, does Solana ecosystem still attract the money flow?
Check this thread below.

#Solanaszn #money #attraction Image
@solana 1. Price & TVL correlation
Each time the $SOL price witnessed a major decline, the same happened with the TVL of the ecosystem. However, until now, the $SOL price is now creating the lower low since Dec 4th crash, but the TVL of the ecosystem...

#Solanaszn #money #attraction Image
@solana 2. Price & TVL correlation
... still stabilize above $10B. Another way of understanding, I believe the money flow is more appeared in the Solana ecosystem more than the native token itself. Now let's find out where exactly the money stay?

#Solanaszn #money #attraction
Read 12 tweets
Dec 3, 2021
WHAT IS WEB3 AND WHY WEB3 MATTERS?

1.The world has experienced the evolution of web from web 1.0 to web 3.0 now since the dawn of internet.
So what is actually web3.0 and why does it matter?

#Solanaszn #web3
2. Let's start with the evolution of web.
The web 1.0 start from the first of Internet in 1994 to 2004.
The characteristics of web 1.0 are Centralized, Less-Interactivity and Desktop-based.

#Solanaszn #web3
3. Let's start with the evolution of web.
The web 1.0 started from the first of Internet in 1994 to 2004.
The characteristics of web 1.0 are Centralized, Less-Interactivity and Desktop-based.

#Solanaszn #web3
Read 10 tweets

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