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paoloardoino's profile
Paolo Ardoino
Paolo Ardoino
Paolo Ardoino
Verified account
@paoloardoino

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Paolo ArdoinoVerified account

@paoloardoino

CTO @bitfinex + CTO @tether_to [Views are my own]

London
github.com/prdn
Joined January 2010

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    1. Paolo Ardoino‏Verified account @paoloardoino 27 Sep 2020

      Paolo Ardoino Retweeted Larry Cermak

      This might have interesting repercussions. While we're staring at laundering while it happens on a transparent DEX, couple of consideratios arise for me: - will liquidity providers be tainted? - privacy is key, probably the next DEX should use confidential transactionshttps://twitter.com/lawmaster/status/1310129344245903362 …

      Paolo Ardoino added,

      Larry CermakVerified account @lawmaster
      Looks like the KuCoin hacker started using Uniswap to swap from shitcoins to ETH. Started with OCEAN. AFAIK this is the first time Uniswap is used following a hack Steps: 1. From 0xeb....c23 to 0x1c...814 to 0x9e...E6b 2. 0x9e...E6b now slowly dumping OCEAN to ETH in 9 tx's https://twitter.com/UnderTheBreach/status/1310125971664666624 …
      Show this thread
      8 replies 7 retweets 36 likes
    2. Larry Cermak‏Verified account @lawmaster 27 Sep 2020
      Replying to @paoloardoino

      I think it would be silly if LP's assets become tainted. Most logical step is that the OCEAN he dumped is no longer tainted and the ETH he got now gets tainted. Hency why I don't consider it money laundering until some sort off mixing is involved.

      3 replies 0 retweets 11 likes
      Paolo Ardoino‏Verified account @paoloardoino 27 Sep 2020
      Replying to @lawmaster

      I see your point. Somehow it still might look like as facilitating laundering stolen assets. It would be interesting to get some lawyer providing an opinion. I just fix printers

      1:50 AM - 27 Sep 2020
      • 7 Likes
      • Jay Freeman 🌐 Jorge Silva Anniceris - druss.eth lito CM Larry Cermak
      1 reply 0 retweets 7 likes
        1. New conversation
        2. Jason‏ @iwearahoodie 27 Sep 2020
          Replying to @paoloardoino @lawmaster

          law student here; uncharted waters afaik. But in property law depending on jurisdiction, if you purchase land honestly not knowing it was fraudulently transferred it can’t be taken from you But the money the fraudster received can be taken from them. I think @lawmaster is right.

          1 reply 0 retweets 3 likes
        3. Paolo Ardoino‏Verified account @paoloardoino 27 Sep 2020
          Replying to @iwearahoodie @lawmaster

          Well. But since this issue now is public I'm wondering how this will change. Potentially you're knowingly providing liquidity to an hacker. The more time it passes the more difficult is to argue you were 100% unaware.

          2 replies 0 retweets 2 likes
        4. Show replies

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