BREAKDOWN: The Arrest Heard Round the World
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 15 August 2022
⏱️ 19 minutes
🧾️ Download transcript
Summary
On Friday, Dutch authorities arrested a 29-year-old Tornado Cash developer.
This episode is sponsored by Nexo.io, Chainalysis and FTX US.
On today’s episode, NLW looks at the crypto industry’s response to news that 29-year-old Alexey Pertsev was arrested for his work on Tornado Cash. He also looks at Coin Center’s new potential court challenge to the Office of Foreign Asset Controls sanctions, which argues that the agency doesn’t have the authority to sanction a smart contract in the first place.
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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.
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Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.
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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Chalermphon Kumchai/EyeEm/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:49.4 | I think what is resonating so much with people about this particular case now, especially |
| 0:55.0 | with this arrest, is that it really does get to fundamental questions of privacy in a digital |
| 1:01.0 | world, and whether the cost of criminals being able to use technologies for nefarious purposes |
| 1:08.0 | is worth undermining that privacy in fundamental ways. |
| 1:12.4 | This is the ever-present question of power as it relates to the internet. |
| 1:19.1 | Welcome back to The Breakdown with me, NLW. |
| 1:23.4 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 1:29.1 | The breakdown is sponsored by nexo.io, chain aliasis, and FtX, and produced and distributed by CoinDesk. |
| 1:37.0 | What's going on, guys? It is Monday, August 15th, and today we are talking about the arrest heard around the world. |
| 1:45.2 | Before we get into that, |
| 1:49.4 | however, if you are enjoying the breakdown, please go subscribe to it, give it a rating, leave it a review, or if you want to dive deeper into the conversation, come join us on the breakers |
| 1:53.7 | Discord. You can find a link in the show notes or go to bit.ly slash breakdown pod. |
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