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BlackRock's new institutional crypto fund received 0.97 unsolicited ETH via Tornado Cash shortly after launching, leading to potential legal concerns. The fund, named BlackRock USD Institutional Digital Liquidity Fund (BUIDL), was not directly owned or controlled by BlackRock. The exploiters who hacked Heco Bridge laundered over $145 million worth of ETH through Tornado Cash, causing significant controversy in the crypto space. Securitize, a partner of BlackRock, celebrated the launch of the $100M tokenized fund on Ethereum, marking a significant milestone for institutional adoption of digital assets.
1/ A wallet associated with BlackRock’s onchain BUIDL fund was dusted with 0.97 ETH that had passed through Tornado Cash, a U.S. government sanctioned entity. Dust attacks involve sending unsolicited tokens for the purpose of scamming, doxxing, or simply memeing. https://t.co/p6aBjXnWI6
📥 A wallet associated with Blackrock’s fund received Tornado Cash-dusted ETH. 💫 @carlosdomingo has a suggestion for an Ethereum Improvement Proposal that could prevent these situations for other institutions wanting to use Ethereum. Listen now: https://t.co/l9MC2actY5 https://t.co/fE7FYqd7eb
💡 Why did @BlackRock launch a fund on #Ethereum? 🎯 @carlosdomingo reveals the aim to serve crypto treasuries on @unchained_pod: Spotify 🎧 https://t.co/vyfz54jUgn Apple 🎧 https://t.co/xSaUBplTuv 🔗 https://t.co/o7X8L1BKgd https://t.co/9dFN2h09K6