[andrem]

If you trace back the addresses, you get to this:

https://etherscan.io/address/0x6365abaad54863bfd11acb6c4b611...

Which in turn shows it came from Tornado Cash which was put on the OFAC blacklist in August. So redox will likely have a very hard time to get this converted.

See here for more https://www.coincenter.org/u-s-treasury-sanction-of-privacy-...

[mudrockbestgirl]

He doesn't need to get it converted though. There are enough people that don't live in the US and would be happy to get paid in ETH to work on an open source project.

In a way, it seems almost like a feature that he can't just take out and convert the money :)

[pavlov]

If the person who received the ETH is a US person, it may not be a great idea to use the tainted money to pay foreigners for services.

[3pt14159]

The reality right now is that there are coloured coins by default. We said this would happen back like at least five years ago, and now it is finally here. This is only the start and is essentially the doom of the libertarian case for the blockchain, and once that is out the window I see very little use for it that a normal DB of cryptographic public keys couldn't handle.

[jbirer]

They just have to come to Eastern Europe and trade it for cash OTC. Works very well here.

[prvit]

>So redox will likely have a very hard time to get this converted.

Why would he? People sell tornado cash tainted eth on big US exchanges every day. The sanctions don't forbid this.

[mjburgess]

Pretty sure that they do.

[colinmhayes]

My understanding of the sanctions is that it's only the contract and a few addresses that are sanctioned. Coins that once went through tornado are fine.

[devwastaken]

This is why eth/bitcoin are not suitable crypto. There should be no address trail, same as cash.

[happymellon]

Wouldn't the ledger dictate that there is a trail?

[caiomassan]

if u use it with people that also accepts eth as a form of payment, there is no need to convert anything.