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WELCOME TO THE WAR ON CODE
Manage episode 341059046 series 2442796
On August 8, 2022, OFAC sanctioned the Tornado.Cash protocol, which was used by the North Korea hackers to launder stolen funds.
Adding a protocol to the Specially Designated Nationals (SDN) list is a new and slippery slope. Historically, the SDN list is composed of individuals or businesses that are cut-off from the American economy because they are suspected to be terrorists or drug king pins. By treating autonomous code as a “person” OFAC may have exceeded its statutory authority.
Learn more here - https://www.hodder.law/post/welcome-to-the-war-on-code
31 jaksoa
Manage episode 341059046 series 2442796
On August 8, 2022, OFAC sanctioned the Tornado.Cash protocol, which was used by the North Korea hackers to launder stolen funds.
Adding a protocol to the Specially Designated Nationals (SDN) list is a new and slippery slope. Historically, the SDN list is composed of individuals or businesses that are cut-off from the American economy because they are suspected to be terrorists or drug king pins. By treating autonomous code as a “person” OFAC may have exceeded its statutory authority.
Learn more here - https://www.hodder.law/post/welcome-to-the-war-on-code
31 jaksoa
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