Developer Ports Twister Money Protocol to MegaETH Testnet After OFAC Sanctions Removing

A developer has efficiently ported the controversial crypto privateness instrument Twister Money to the MegaETH blockchain’s public testnet, enabling personal transactions on the high-performance community.

MegaETH, which just lately launched, boasts a throughput capability of as much as 20,000 transactions per second.

The developer, identified pseudonymously as Gunboats, mentioned the thought was sparked by the U.S. Treasury’s current removing of Twister Money addresses from the OFAC sanctions record, following a court docket ruling earlier this yr.

Twister Money Relaunches on MegaETH Testnet as ‘ETHTornado’

The brand new deployment on MegaETH is titled ETHTornado.

“I assumed, perhaps somebody ought to attempt to deploy [Tornado Cash] on the most popular factor proper now… there isn’t any change in code wanted and that’s actually a very good factor,” Gunboats wrote on X.

Describing the transfer as “half a joke,” Gunboats mentioned they used the now-outdated Truffle framework to port the protocol.

Some within the crypto group raised issues concerning the potential for pockets “dusting,” the place small quantities of crypto are despatched to many wallets, presumably affecting their eligibility for airdrops.

One X consumer, 0x_ultra, identified that a number of crypto initiatives disqualify wallets linked to Twister Money from receiving token rewards.

This follows a current take a look at by MegaETH wherein 190,000 wallets acquired testnet tokens in simply 15 seconds.

Gunboats dismissed the dusting challenge as minor.

“It’s actually foolish anyway whether or not you possibly can mud folks’s pockets at 10ms or 12 seconds a time—the tip result’s you bought placed on the record,” they mentioned.

Bread, MegaETH’s head of group and progress, reacted positively to the deployment, encouraging Gunboats so as to add the undertaking to the platform’s group wiki.

Gunboats, who claims to be primarily based outdoors the U.S., additionally disregarded authorized issues surrounding the undertaking, referencing Roman Storm, a Twister Money developer dealing with authorized motion from the U.S. Division of Justice.

Whereas the protocol has but to realize traction on MegaETH, Gunboats famous the shortage of a user-friendly frontend as a present limitation to broader adoption.

U.S. Treasury Lifts Sanctions on Twister Money, Citing Evolving Digital Finance Insurance policies

The U.S. Treasury Division has formally lifted sanctions on the Ethereum-based transaction mixing protocol Twister Money, citing a reassessment of its strategy to regulating decentralized monetary applied sciences.

In a press launch issued Friday, Treasury officers acknowledged that the choice got here after reviewing the applying of present sanctions legal guidelines to decentralized platforms.

The replace follows a court docket submitting earlier within the week within the case of Van Loon v. Division of the Treasury, the place authorities attorneys acknowledged that developments in monetary know-how demand a modernized authorized framework for making use of sanctions.

Though Twister Money is now not on the Workplace of Overseas Belongings Management (OFAC) sanctions record, the Treasury made it clear that it’ll proceed to watch and fight illicit use of digital property, notably in relation to cybercrime and North Korean-linked cash laundering schemes.

“Securing the digital asset business from abuse by North Korea and different illicit actors is important to establishing U.S. management and guaranteeing that the American folks can profit from monetary innovation and inclusion.”

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