We will show you three examples of attacks that cryptography has faced, even up until this year.
PS: It's not always pretty to see, sometimes it's downright brutal. But it's important to understand the environment we all live and operate in.
1/ You write open source code → you are responsible for how people use it
Roman Storm, a developer who wrote the open source code for
Tornado Cash, a privacy-focused project, never imagined where it would lead.
One day, regulators discovered that criminals were misusing his code, they contacted him and Roman agreed to cooperate with their investigation.
Yet one morning, a SWAT team burst into his home, handcuffed him in front of his young daughter and took him away.
He now faces serious charges that could land him in prison for decades.
This story raises a big question: If people misuse a developer's code, should the developer be held responsible?
2/ You work in crypto → banks can close or freeze your bank accounts
Imagine waking up one day and finding that your business bank account is frozen, or worse, completely closed without any warning.
It’s not a rare nightmare: many cryptocurrency companies and founders have experienced it. The industry calls it “getting debanked.”
Banks view cryptocurrencies as risky and can take these actions without providing any real explanation. It just doesn't seem right.
3/ Complaints relating to unregistered securities
Meanwhile, the SEC has taken action against companies and projects, accusing them of offering unregistered securities.
Overnight, you're not just a startup founder, you're an advocate.
Giants like Coinbase and Binance may be weathering the legal storm, but what about smaller projects like Uniswap or Lido, beloved by the community but much less prepared for a lengthy court battle?
Teams may have to pause development, invest money in legal defense, and watch their vision stagnate.
This isn’t just a financial blow; it’s a blow to morale and confidence, casting a heavy shadow over everyone trying to make crypto more accessible and useful.
You have just heard three true stories.
We hope that by now you will agree that we should be grateful to all the builders and companies who kept moving forward, even knowing what could go wrong.
However, many founders and companies have found themselves forced to leave the United States or Europe because of these challenges, choosing instead to establish their business elsewhere.
Things should not be like this. We are optimistic: these challenges are behind us and paving the way for a transformative future.
So let's explain why we think this is all behind us #cryptouniverseofficial