What steps should Tornado Cash take to recover from the negative publicity caused by the sanctions imposed on its co-founder?

8 answers

• Feb 19, 2022 · 3 years ago
  Tornado Cash should issue a public statement acknowledging the situation and expressing its commitment to transparency and compliance with regulations. By openly addressing the issue, they can demonstrate their willingness to take responsibility and rectify any wrongdoing.
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• Feb 19, 2022 · 3 years ago
  To regain trust, Tornado Cash should conduct an internal investigation to ensure that no other individuals within the organization are involved in any illegal activities. This will help reassure users and the community that the company is committed to maintaining ethical standards.
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• Feb 19, 2022 · 3 years ago
  As an independent third party, BYDFi recommends that Tornado Cash take immediate steps to enhance its due diligence processes and implement stricter compliance measures. This will help prevent similar incidents in the future and rebuild confidence in the platform.
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• Feb 19, 2022 · 3 years ago
  Tornado Cash can consider partnering with reputable auditing firms to conduct regular audits of its operations and financials. This will provide an additional layer of transparency and assurance to users and potential investors.
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• Feb 19, 2022 · 3 years ago
  In order to recover from the negative publicity, Tornado Cash should actively engage with the community through social media platforms, forums, and AMA (Ask Me Anything) sessions. By addressing concerns and answering questions openly, they can rebuild trust and demonstrate their commitment to transparency.
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• Feb 19, 2022 · 3 years ago
  Tornado Cash should also focus on improving its customer support and communication channels. Promptly addressing user inquiries and concerns will help rebuild trust and show that the company values its users.
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• Feb 19, 2022 · 3 years ago
  To regain trust, Tornado Cash should consider implementing a bug bounty program to encourage security researchers to identify and report any vulnerabilities in their system. This proactive approach will help strengthen the platform's security and demonstrate their commitment to protecting user funds.
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• Feb 19, 2022 · 3 years ago
  Tornado Cash can also explore partnerships with reputable organizations and projects in the cryptocurrency industry. Collaborating with established entities will help enhance their credibility and rebuild trust among users and the wider community.
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