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BitcoinWorld Korean Won Stablecoin: LG CNS Explores Revolutionary Avalanche Integration In a move that signals a significant leap for digital finance, South Korean tech giant LG CNS is reportedly evaluating Avalanche as a foundational blockchain for its private Korean won-based stablecoin initiative. This potential integration marks a pivotal moment, blending traditional corporate innovation with cutting-edge blockchain technology to reshape the landscape of digital payments. For anyone interested in the convergence of technology and finance, particularly the evolution of a Korean won stablecoin , this development is certainly one to watch. Why is LG CNS Venturing into a Korean Won Stablecoin ? LG CNS, a prominent IT service provider and a subsidiary of the LG Group, is no stranger to pioneering digital solutions. Their journey into the realm of digital currency isn’t a sudden leap but a strategic evolution from prior endeavors. According to The Elec, Kim Hong-geun, head of LG CNS’s Digital Business Services (DBS) division, highlighted the company’s previous focus on offline payment solutions under a significant internal initiative known as Project Hangang. Project Hangang was designed to streamline and enhance payment experiences, particularly in environments where traditional online connectivity might be limited or undesirable. This foundational work in offline payments has naturally led LG CNS to explore the next frontier: stablecoin issuance. A stablecoin, by its very definition, is a type of cryptocurrency designed to maintain a stable value, often pegged to a fiat currency like the Korean won. This stability makes it an ideal candidate for everyday transactions, bridging the volatility gap often associated with other cryptocurrencies. The motivation behind LG CNS’s interest in a private Korean won stablecoin is multifaceted. Firstly, it offers the potential for enhanced efficiency and lower transaction costs compared to traditional payment rails. Secondly, it can provide greater programmability, enabling smart contracts and automated financial processes. Lastly, it positions LG CNS at the forefront of digital innovation, ready to capitalize on the growing demand for secure, efficient, and reliable digital payment solutions in South Korea and potentially beyond. Their assessment of various blockchains, with Avalanche now in the spotlight, underscores a commitment to finding the most robust and scalable infrastructure for this ambitious project. How Can Avalanche Empower This Stablecoin Initiative? The selection of a blockchain platform is critical for any stablecoin project, and LG CNS’s consideration of Avalanche speaks volumes about the network’s capabilities. Avalanche, developed by Ava Labs, has rapidly gained recognition for its high throughput, low transaction fees, and robust security features. These attributes make it an attractive option for enterprise-grade applications requiring scalability and reliability. Here’s why Avalanche could be a game-changer for a Korean won stablecoin : Blazing Speed and Scalability: Avalanche boasts impressive transaction finality, often measured in seconds, and can handle thousands of transactions per second. This is crucial for a stablecoin intended for widespread use, ensuring quick and seamless payments. Cost-Effectiveness: Transaction fees on Avalanche are significantly lower than on many other popular blockchains, making micro-transactions and frequent payments economically viable for users and businesses. Subnet Architecture: One of Avalanche’s most compelling features for enterprises is its subnet architecture. Subnets are custom, application-specific blockchains that can be launched on Avalanche. This allows LG CNS to create a dedicated, permissioned subnet for their Korean won stablecoin , offering tailored security, compliance, and performance without being impacted by the congestion of the main network. This level of customization and control is highly appealing to large corporations. EVM Compatibility: Avalanche’s C-Chain is compatible with the Ethereum Virtual Machine (EVM), meaning developers can easily port existing Ethereum-based smart contracts and tools, accelerating development and integration. Robust Security: Avalanche’s consensus mechanism, a novel approach to Proof-of-Stake, provides strong security guarantees, essential for financial instruments like stablecoins. By leveraging Avalanche, LG CNS could potentially build a highly efficient, secure, and scalable digital payment infrastructure that meets the stringent demands of the Korean market. The Broader Impact of a Korean Won Stablecoin The introduction of a private Korean won stablecoin by a major player like LG CNS could have profound implications for South Korea’s financial landscape. It extends beyond just digital payments, potentially influencing various sectors of the economy. Consider the following potential impacts: Area of Impact Description Domestic Payments Faster, cheaper, and more secure transactions for everyday purchases, potentially reducing reliance on cash and traditional card networks. Could integrate seamlessly with existing LG ecosystems and partner networks. Cross-Border Transactions While initially focused on domestic use, a robust Korean won stablecoin could eventually facilitate more efficient international remittances and trade settlements, bypassing traditional SWIFT systems. Financial Innovation The programmable nature of stablecoins opens doors for innovative financial products and services, such as automated payrolls, micro-lending, or loyalty programs built directly on the blockchain. Digital Economy Growth By providing a reliable digital currency, LG CNS could spur growth in the broader digital economy, encouraging more businesses and consumers to adopt blockchain-based solutions. This initiative could also serve as a blueprint for other corporations looking to issue their own fiat-backed digital currencies, potentially accelerating the mainstream adoption of blockchain technology in real-world applications. The ripple effect could be significant, fostering a more dynamic and interconnected digital financial ecosystem within South Korea. Navigating the Future: Challenges and Opportunities for Stablecoin Development While the prospect of a LG CNS-backed Korean won stablecoin built on Avalanche is exciting, the path to widespread adoption and success is not without its challenges. The landscape of stablecoin development is complex, marked by evolving regulations, technological hurdles, and the need for significant user adoption. Key challenges include: Regulatory Clarity: Governments worldwide are still formulating comprehensive frameworks for stablecoins. LG CNS will need to navigate South Korea’s specific regulations, ensuring full compliance regarding issuance, reserves, and anti-money laundering (AML) protocols. Trust and Reserves: For any stablecoin to gain traction, users must have absolute trust in its backing. LG CNS will need to ensure transparent and verifiable reserves of Korean won to maintain the stablecoin’s peg and build public confidence. Technological Integration: While Avalanche offers robust features, integrating a new stablecoin into existing financial infrastructure, point-of-sale systems, and consumer applications requires significant development and interoperability efforts. User Adoption: Educating the public and encouraging widespread adoption will be crucial. This involves user-friendly interfaces, clear communication about benefits, and potentially incentives for early adopters. Competition: The stablecoin market is becoming increasingly competitive, with other private initiatives and potential Central Bank Digital Currencies (CBDCs) on the horizon. Despite these challenges, the opportunities are immense. LG CNS’s strong brand reputation and technical expertise, combined with Avalanche’s advanced blockchain infrastructure, could position this Korean won stablecoin as a leading digital currency in the region. Success would not only solidify LG CNS’s position as a digital innovator but also showcase Avalanche’s capabilities for large-scale enterprise solutions, paving the way for broader blockchain adoption in traditional industries. LG CNS’s exploration of Avalanche for its private Korean won stablecoin project is a powerful testament to the growing convergence of established corporate entities and decentralized blockchain technology. This initiative, building on the foundation of Project Hangang, has the potential to redefine digital payments and foster a more efficient, transparent, and innovative financial ecosystem in South Korea. The strategic choice of Avalanche underscores the platform’s readiness for enterprise-grade applications, promising a future where digital currencies play an even more integral role in our daily lives. As this project unfolds, it will undoubtedly offer valuable insights into the practical application of stablecoins and the transformative power of blockchain in traditional economies. Frequently Asked Questions (FAQs) What is a Korean won-based stablecoin? A Korean won-based stablecoin is a type of cryptocurrency whose value is pegged to the Korean won. This means that for every unit of the stablecoin issued, there is an equivalent amount of Korean won held in reserve, aiming to maintain a stable value of 1 stablecoin = 1 Korean won. This stability makes it suitable for everyday transactions, unlike volatile cryptocurrencies. Why is LG CNS interested in Avalanche for this project? LG CNS is evaluating Avalanche due to its robust features, including high transaction speed, scalability, low fees, and its unique subnet architecture. Subnets allow LG CNS to create a dedicated, customizable blockchain for their stablecoin, ensuring tailored security, compliance, and performance crucial for an enterprise-level financial application. What is Project Hangang? Project Hangang was an earlier initiative by LG CNS focused on developing and implementing offline payment solutions. This foundational work in enhancing payment experiences has naturally led the company to explore stablecoin issuance as the next step in advancing digital finance. What are the potential benefits of a private stablecoin in South Korea? A private Korean won stablecoin could offer several benefits, including faster and cheaper domestic payments, potential for more efficient cross-border transactions, the ability to create innovative financial products through smart contracts, and a boost to South Korea’s overall digital economy by encouraging broader blockchain adoption. How does this compare to a Central Bank Digital Currency (CBDC)? While a private stablecoin like the one LG CNS is considering is issued by a private entity and backed by commercial bank deposits or other assets, a Central Bank Digital Currency (CBDC) is a digital form of a country’s fiat currency issued and backed by its central bank. Both aim to modernize payments, but a private stablecoin offers more flexibility for specific enterprise use cases, while a CBDC is a sovereign currency. Did you find this article insightful? Share your thoughts and help us spread the word about this exciting development in digital finance! Share this article on your social media channels and join the conversation. To learn more about the latest crypto market trends, explore our article on key developments shaping stablecoins institutional adoption . This post Korean Won Stablecoin: LG CNS Explores Revolutionary Avalanche Integration first appeared on BitcoinWorld and is written by Editorial Team
Ripple’s Chris Larsen shifted 50 million XRP to exchanges just as prices peaked, sparking accusations of “dumping” tokens.
Dogecoin faced an 11% value drop, with trading volume exceeding 2.26 billion tokens. Market fragility and major investor sell-offs contributed significantly to the decline. Continue Reading: Dive into Dogecoin’s Rollercoaster: Analyzing Recent Market Dynamics The post Dive into Dogecoin’s Rollercoaster: Analyzing Recent Market Dynamics appeared first on COINTURK NEWS .
Two MIT-educated brothers accused of orchestrating the largest MEV bot exploitation in cryptocurrency history will face trial after a federal judge rejected their attempts to dismiss fraud and money laundering charges. Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, allegedly stole $25 million in cryptocurrency within 12 seconds by manipulating Ethereum’s MEV-Boost protocol in April 2023. Technical Error or Deliberate Exploit? The brothers meticulously planned their operation over several months, studying trading patterns of Ethereum bots and establishing shell companies. They created 16 Ethereum validators using approximately $880,000 in cryptocurrency, then executed what prosecutors called a “bait, block, search, and propagation” scheme targeting three victim traders operating MEV bots. Their exploit involved proposing “lure transactions” to induce victim traders’ bots to purchase illiquid cryptocurrencies worth $25 million. The brothers then sent a false signature to the relay system, gaining premature access to private transaction data. They replaced the lure transactions with their own trades, selling the illiquid tokens and rendering the victims’ holdings worthless. Following the theft, the brothers laundered the stolen funds through complex transactions across multiple addresses and foreign exchanges with limited KYC requirements. They converted the cryptocurrency to DAI stablecoin, then to USDC , before transferring $20 million to U.S. dollar accounts. Foreign law enforcement froze $3 million of the stolen funds. The case comes amid rising concerns about MEV exploitation across blockchain networks. Recent incidents include a $2 million insider attack on Bedrock’s UniBTC protocol by a former Fuzzland employee and a notorious Solana MEV bot named “arsc” that accumulated $30 million in two months through sandwich attacks. Brothers’ Legal Battle Reaches Critical Juncture Federal prosecutors arrested the Peraire-Bueno brothers on May 15, 2024, with Anton taken into custody in Boston and James in New York. U.S. Attorney Damian Williams described the scheme as meticulously planned, noting how the brothers “ used their specialized skills and education to tamper with and manipulate the protocols relied upon by millions of Ethereum users. “ Two Brothers Arrested for Attacking Ethereum Blockchain and Stealing $25M in Cryptocurrency : https://t.co/rY4No6YUrm pic.twitter.com/2Mlb3zIdpo — U.S. Department of Justice (@TheJusticeDept) May 15, 2024 The brothers face charges of conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering. Each charge carries a potential 20-year prison sentence. A federal judge scheduled their trial for October 14, 2025 , after denying their motions to dismiss the indictment. The court found the wire fraud charges legally sufficient, determining that the brothers’ lure transactions and false signatures constituted material misrepresentations. The judge ruled that the $25 million in stolen cryptocurrency represented a traditionally recognized property interest, not merely contingent profits. IRS Criminal Investigation’s New York Cyber Unit traced the stolen funds back to the brothers despite their sophisticated laundering efforts. Special Agent Thomas Fattorusso noted that investigators “simply followed the money” using cutting-edge technology and traditional investigative methods. Growing MEV Threat Challenges Blockchain Scalability MEV exploitation has emerged as a dominant threat to blockchain scalability, according to recent research from Flashbots. According to a report covered by Cryptonews in June, MEV bots now consume 40% of all blockspace on Solana and over half of the gas usage on Ethereum rollups, such as Base and OP Mainnet. MEV bot spam is now the main barrier to blockchain scalability, consuming most new throughput on Ethereum rollups and Solana. #MEV #BlockchainScalability https://t.co/kNRiwwORsU — Cryptonews.com (@cryptonews) June 17, 2025 The Peraire-Bueno case represents the first criminal prosecution of MEV manipulation; however, similar exploits continue to occur across various networks. A Ronin Network breach in August 2024 initially appeared malicious but was later revealed to be a white-hat operation, with the hacker returning $9.8 million after discovering a vulnerability in the bridge. Recent data from EigenPhi shows more than 81,000 users fell victim to sandwich attacks in the last 30 days alone. Source: EigenPhi These attacks now account for nearly $1 billion in weekly trading volume on Ethereum-based decentralized exchanges. Flashbots has proposed new frameworks to address MEV abuse, including explicit MEV auctions and programmable privacy using Trusted Execution Environments. The organization argues that current spam from MEV bots creates artificial fee floors, undermining the promise of near-zero transaction costs on scaled networks. The brothers’ trial, scheduled for October, is likely to set precedents for future MEV-related prosecutions, as it isn’t technically precise whether it can be attributed to an exploit of a technical oversight. The post MIT Brothers Who Exploited MEV Bots for $25M Must Face Trial, Judge Rules appeared first on Cryptonews .
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! On July 24,
In the world of Web3, there are certain elements that have to be perfect for a platform like an exchange to work for its community. If users do not feel like the exchange is fair, they will leave. If they feel like the exchange is vulnerable, they will leave. If they feel like the exchange might allow their private information to be taken, they will leave. And if they think the exchange can’t offer them the services and perks they want…they will leave. There are a few problems with this. Yes, a user should be able to participate on an exchange with confidence. However, no platform is 100% secure. That said, there are definitely industry standards that should be followed to maximize protection. More than that though, platforms should be following best practices to keep their customers’ data in compliance with regulations. They should also keep the data private and protected, while the funds themselves should stay with the customers. So how can an exchange meet these high, but certainly reasonable expectations? Let’s dive in to see how exchanges should protect their communities, what happens when they don’t, and what other gaps can sneak in and hurt customers. Balancing service and protection Creating a strong exchange does have some areas to balance. Protecting users can potentially limit services if not done correctly, and maximizing performance could potentially allow privacy vulnerabilities. However, there are some absolute best case elements that must happen to avoid serious risk. Any exchange should ensure they have institution-grade security, which means industrial encryption at a minimum. Because smart contract vulnerabilities can remain hidden for years, top exchanges work both internally and with third parties to be the first to find and fix these vulnerabilities. Audit specialists can help with increasing the quality. Even more, advanced solutions like red teams, which are designed to play the role of bad actors, can infiltrate systems so they can be fortified by the owners as lessons are learned. When looking for an exchange, users should conduct their own research to see what the platform has done to protect itself, both by instituting the proper security and encryption, and how well they’ve implemented third parties like auditors and red teams to proactively test and challenge the system. Exchanges are all about handling user funds, and this needs to have its own set of best practices. As a decentralized platform, exchanges should ensure that their protocols are protected from consensus risks (e.g., 51% attacks), ensuring independent nodes are able to authenticate proper processes, and that all inter-blockchain transactions are handled using the proper connective tissues. Within all this, exchanges should not allow themselves to lose speed and efficiency in their service to customers. Consensus, TPS, finality, and other key metrics should remain lightning fast and scalable. Protection should remain top of the line while performance can still be a competitive advantage. Balancing performance and privacy In addition to security, we can’t forget about another key protection for users: privacy. The ability to process user data, allow users to fully participate in the offered services, be fully compliant, and yet still maintain privacy where it matters is incredibly important. There are two key issues that can occur in a Web3 exchange and affect user privacy. First, a user’s information can be compromised through data leakage or surveillance. Whether at the hands of the exchange itself, through Web3 data brokers who buy the information, or by bad actors using illegal means, the exchange can potentially violate the privacy of its users, and never to their benefit. This is not a problem that solves itself, but instead must be meticulously addressed in practice. Furthermore, an exchange built on integrity should be able to produce transparency in its practices to show that it is actively protecting privacy. The second element of privacy issues can not only expose user data, it can negatively impact the value of user assets. Front running by advanced bots and traders can harm the trades users make, and even being able to see trades as they happen can significantly affect the market, which can then be manipulated by algorithmic trading. A platform actively addressing this issue is Enclave Markets . Their approach to protecting privacy, even during trading, is especially effective: Off-chain enclave maintains the market’s integrity; it is able to eliminate front-running by preventing algo traders from seeing trades. This can also create no slippage execution and zero-spread trading. what if opening a trade was as easy as sending a telegram message — Enclave Markets (@enclavemarkets) June 18, 2025 Other considerations A few other items to look for in a high quality, customer-focused exchange. After we’ve ensured that performance, privacy, and security can all be maintained, we can then look at those services that ensure trading fairness. One category that is often overlooked are points and reward programs. These might not be considered among “unfair practices” because they benefit users with free bonuses. However, this can be a major issue for the average user, who is greatly disadvantaged with most programs. As outlined in a recent article on crypto reward problems , the vast majority of rewards for these programs are given to a very small percentage of participants in the form of bots and whales, arguably the two groups who deserve these rewards the least. Volume, speed, or clever manipulation of many accounts can game the system and scoop up massive rewards, but the scale used is far outside the average user. Enclave Markets is an example of a platform working this issue as well, with a rewards program that balances different behaviors that would be harder for a whale or bot to scale up and get massive rewards. Instead, the average user can participate in different ways and get a bigger portion of the rewards than they otherwise might. This user-focused approach can be just as important as the care given to security and privacy, and shows just how much they care about their users. For Enclave Markets, there is newly launched feature called EdgeBot that allows users to conduct tracking of their targeted tokens, token discovery, and trade executions with just a few taps. Moreover, the users can accomplish all of this without leaving Telegram, making “time to action” extremely short and efficient. This is another example of the features that exchanges should be offering to their larger audience. Web3 users cannot simply assume that their exchange has their best interest at heart, or that they are as focused on security, privacy, or fair play as much as the user wishes. You need to perform your own due diligence, look for these key best practices to gauge a potential exchange, and even look at how rewards programs are conducted to make sure that an exchange actually cares about its community. Featured image via Shutterstock. The post Privacy and single points of failure are the biggest threats to crypto today appeared first on Finbold .
The recent crypto rally that commenced mid-July appears to be cooling off as top 10 market cap ranked assets including Bitcoin, Ethereum, XRP, and Solana are all trading in the red. A broad market correction is currently underway, against the backdrop of $737 million worth of liquidations and signs of fading retail enthusiasm. Data from CoinGlass shows that at the start of Thursday’s Asian market session, more than 243,000 traders were liquidated, totaling over $737 million in value. 85.3% of the liquidations were long positions, forcing the overly bullish positions among retail traders out of the market. 24-hour crypto liquidations. Source: CoinGlass. Ethereum traders were the biggest liquidation losers heading into Thursday, having lost $198 million to the derivatives market. The asset was followed by XRP, BTC, and SOL, which counted $115, $84, and $58 million in liquidations, respectively. Julio Moreno, head of research at CryptoQuant, believes altcoins Ethereum, XRP, and Solana may now enter a short-term correction phase. Bitcoin enters consolidation phase after failing to break $124K barrier Bitcoin (BTC) briefly surged past $123,000 on July 14 to record a new all-time high. However, since the start of the business week, the asset began consolidating in the $116,000–$120,000 range, where it has been stuck for several days. Santiment’s on-chain social data suggests that retail sentiment has cooled significantly. During the June 22 Iran-U.S. airstrike news cycle, fear and uncertainty created what analysts dubbed an “optimal time to buy,” with social volume spiking around lower BTC price mentions. But following the new high on July 14, elevated mentions of $130K–$160K price levels indicate exuberance, often seen at market tops. Retail Bullish Sentiment chart. Source: Santiment Feed. By July 19, crowd sentiment had already begun to doubt further upside following the breach of May’s high. Still, if BTC closes above $120,000 on a daily basis, a renewed push toward the all-time high at $123,218 could follow. Ethereum lead rally but dropped push to ATH After hitting highs around $3,525 and testing the 78.6% Fibonacci retracement level, Ethereum (ETH) was only slightly higher on Thursday. The broader uptrend, which began after bottoming out at $1,385 in April, has now paused. Tristan Teo, founder of Elfa AI, noted a rise in ask skew, suggesting a possible local reversal. Ryan McMillin of Merkle Tree Capital added that Ethereum’s pause is understandable after its extended run, though he cautioned that over 500,000 ETH remain queued for unstaking , which could unsettle ETF-related flows. XRP Upbit whale dump stifles price momentum Ripple’s XRP has experienced a 15% drop in the past 24 hours, sliding to $3.05 after a significant sell-off on South Korean exchange Upbit. According to analyst Dom, over 75 million XRP were offloaded in a single move, negatively impacting the token’s price due to shallow order books. Just days earlier, XRP had surged 92% from $1.95 to a seven-day high of $3.66. Technical indicators pointed to bullish continuation, with a 4-hour bull pennant targeting $4.20 and the weekly MACD flipping green for the first time since XRP’s 2024 bull run. A move above the 5.5% dominance threshold for XRP, which has acted as a cap for over 2,000 days, could unlock further upside. But for now, price action has turned defensive, and bulls will have to hold on to the $3.00 and $3.10 zone to avoid more losses. Solana tests $180 support after 7% 24h drop Solana (SOL) has fallen 7% over the last 24 hours, with its price hovering around $185 after peaking at $205 on Wednesday, according to CoinGecko. The altcoin recently broke above a medium-term falling trend and confirmed an inverse head and shoulders formation by breaching resistance at $156 and running straight to levels above $200. Analyst Trader Tardigrade noted a cup-and-handle pattern on Solana’s chart stretching back to 2021, in a recent post on X. The neckline of this long-term formation sits around $250. If breached, it would activate a pattern target between $4,800 and $6,000, more than 3,000% increase from current levels. KEY Difference Wire helps crypto brands break through and dominate headlines fast
U.S. prosecutors are moving closer to concluding their case against Tornado Cash co-founder Roman Storm, presenting testimony from an Internal Revenue Service agent as the trial enters a critical phase. According to Inner City Press, IRS Criminal Investigation Special Agent Stephan George testified on Wednesday that he had reviewed transaction data from exchanges Crypto.com and Binance linked to Tornado Cash. George stated that Storm appeared to have control over funds moved to Tornado Cash’s smart contract addresses, referencing communications between Storm and co-founders Alexey Pertsev and Roman Semenov. Storm’s legal team challenged the testimony, arguing it should be excluded due to questions around the expertise of a previous witness, Hanfeng Lin, who testified as a victim of a romance scam involving stolen crypto. Storm’s attorneys suggested that Lin’s analysis did not qualify him to trace crypto linked to criminal activities or attribute wallet addresses to hackers, raising concerns over the accuracy of the government’s tracing methods. Control Over Tornado Cash at Center of Case At the heart of the case is whether Storm had the ability to control Tornado Cash’s operations to prevent or disincentivize illicit transactions from flowing through the crypto mixer, a point the prosecution argues is key to their charges. The government claims Storm could have altered the crypto mixer’s code to deter money laundering, though testimony reportedly focused more on how the platform responded to sanctions rather than technical control over transactions. Storm faces multiple charges, including conspiracy to operate an unlicensed money-transmitting business, money laundering, and conspiracy to violate U.S. sanctions. The trial comes as regulators globally scrutinize crypto mixers like Tornado Cash, which allow users to obscure the origin and destination of funds on public blockchains, often drawing allegations of facilitating illicit transactions. Defense to Call Doctors and Chainalysis Expert Prosecutors expect to close their case by Thursday afternoon, after which Storm’s legal team will begin presenting their defense. According to reports, Storm’s attorneys plan to call “two or three doctors” to testify, which may relate to Storm’s health or mental state, alongside a potential expert witness from blockchain analytics firm Chainalysis. The outcome of this case could set significant legal precedents for developers in the crypto space , particularly regarding their responsibilities and liabilities tied to open-source protocols used by third parties for illicit purposes. The post IRS Agent Testifies in Tornado Cash Co-Founder’s Trial appeared first on TheCoinrise.com .