What we learnt from FTX And Tornado Cash Trials?

Age of Political interference in tech

About FTX

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Founder of FTX

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The Bankruptcy

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About Tornado Cash

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Allegations against Tornado

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FTX vs Tornado Cash

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What happened to founders

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What did we learn?

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A Biased System

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Also Read:

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We're on You Tube

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Age of Political interference in tech

Age of Political interference in tech

About FTX

About FTX

FTX was one of the leading cryptocurrency exchanges in the world. Infact, by volume FTX was the second largest exchange after Binance sometime back.

Founder of FTX

Founder of FTX

Sam Bankman-Fried is the founder of FTX. He's also the founder of Alameda Research, the investment arm of FTX.

The Bankruptcy

The Bankruptcy

Acc. to a statement released by Sam, FTX requires over $8 billion to overcome bankruptcy. It has filed for bankruptcy.

About Tornado Cash

About Tornado Cash

Tornado Cash is a decentralized protocol that allow customers to mask or hide the source of crypto funds during transaction

Allegations against Tornado

Allegations against Tornado

Tornado is banned in US. It has became a go-to-mixer for hackers (esp. North Korean) masking their wallets before withdrawal.

FTX vs Tornado Cash

FTX vs Tornado Cash

FTX stole billions of worth of user funds while the founders of Tornado cash just created a software which was misused by the hackers.

What happened to founders

What happened to founders

Tornado Cash dev. Alexey Pertsev is detained by the police while FTX founder Sam is roaming freely in Bahamas.

What did we learn?

What did we learn?

FTX founder has deep political connections with huge sum of money involved while Tornado is fighing a lone battle.

A Biased System

A Biased System

The case of FTX & Tornado indicates the system is completely biased & work only in the favour of its members.

Also Read:

Also Read:

1..Play & Earn $BUSD

1..Play & Earn $BUSD

2..FTX defrauded users

2..FTX defrauded users

3..Surviving Chains

3..Surviving Chains

We're on You Tube

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