[NEWS] Developers of Ethereum Privacy Tool Tornado Cash Smash Their Keys

[bbc.reporter]

There appears to be another bounty program on Ethereum similar to the DAO. Payment is everything you can get from this unstoppable smart contract hehehe.



Ethereum’s premier coin mixing service is now permissionless.

Tornado Cash, a privacy tool for obfuscating the history of Ether (ETH) transactions, completed a cryptographic process known as a trusted setup ceremony on May 10 followed by a contract update on Monday to create perpetually self-executing code.

Tornado Cash v1 first launched in August 2019, but remained an audited “experimental software” because the developers retained control over user funds through a multi-sig wallet.

With v2, all that is gone. The MPC and Monday’s contract update effectively break up the developer key by creating a crowdsourced smart contract without a private key.

Read in full https://www.coindesk.com/developers-of-ethereum-privacy-tool-tornado-cash-smash-their-keys