31–40 of 71 posts
Funny that the founder can just submit to vote what is effectively “I need $3M USD and if that runs out additional $1M sums in perpetuity” with zero oversight on how it’s spent, outside of claiming it will be spent on legal costs.
Presumably there is some audit trail on expenses after the fact?
Honestly, I'm also flabbergasted when the guy is basically running an unregulated exchange that offers what are almost certainly unregistered securities[1] ( definitionally , the value of $SUSHI LP tokens goes up when people trade other projects' tokens, so the Howey Test is clearly violated) and freely chooses to live in the US. The SEC is shooting fish in a barrel. [1] https://coinmarketcap.com/currencies/sushiswap…
But he’s not exactly _running_ the exchange, is he? I mean, it’d be interesting to see how the SEC asks him to shut it down, and of course that’s actually impossible for him (or anyone really) to do.
[flagged]
Earlier quoted context omitted.
But he’s not exactly _running_ the exchange, is he? I mean, it’d be interesting to see how the SEC asks him to shut it down, and of course that’s actually impossible for him (or anyone really) to do.
If Tornado Cash was shut down (where everyone was pseudo-anonymous), SushiSwap can definitely be shut down. And TC wasn't exactly "shut down," it was just crippled by being blacklisted by USDC (Circle), essentially banned from all legitimate exchanges via sanctions, etc. Without liquidity, these financial toys are just dead code.
https://decrypt.co/123751/euler-finance-hacker-sends-1-6m-et...
Earlier quoted context omitted.
I think it's in really poor taste to compare regulators doing their job shutting down illegal activities and one of the most infamous pogroms, Kristallnacht.
People say "nuked" or make similar references to Hiroshima/Nagasaki, which I dislike for that same reason, but it's odd how that's generally given a pass.
Earlier quoted context omitted.
I think it's in really poor taste to compare regulators doing their job shutting down illegal activities and one of the most infamous pogroms, Kristallnacht.
People say "nuked" or make similar references to Hiroshima/Nagasaki, which I dislike for that same reason, but it's odd how that's generally given a pass.
Earlier quoted context omitted.
But he’s not exactly _running_ the exchange, is he? I mean, it’d be interesting to see how the SEC asks him to shut it down, and of course that’s actually impossible for him (or anyone really) to do.
If Tornado Cash was shut down (where everyone was pseudo-anonymous), SushiSwap can definitely be shut down. And TC wasn't exactly "shut down," it was just crippled by being blacklisted by USDC (Circle), essentially banned from all legitimate exchanges via sanctions, etc. Without liquidity, these financial toys are just dead code.
SushiSwap is not going to be sanctioned. It's not clear what the U.S. could do to shut it down in the same manner, although of course, they could bring enforcement actions like this one and scare off any U.S. person from working on it.
Funny that the founder can just submit to vote what is effectively “I need $3M USD and if that runs out additional $1M sums in perpetuity” with zero oversight on how it’s spent, outside of claiming it will be spent on legal costs.
Earlier quoted context omitted.
But he’s not exactly _running_ the exchange, is he? I mean, it’d be interesting to see how the SEC asks him to shut it down, and of course that’s actually impossible for him (or anyone really) to do.
If Tornado Cash was shut down (where everyone was pseudo-anonymous), SushiSwap can definitely be shut down. And TC wasn't exactly "shut down," it was just crippled by being blacklisted by USDC (Circle), essentially banned from all legitimate exchanges via sanctions, etc. Without liquidity, these financial toys are just dead code.