Privacy has a North Korea problem.
@FoglightPrivacy solves it.
Over $1 billion illicit funds from hacks have been laundered through Tornado Cash alone. It's what governments cite when they attack privacy tools and put developers in prison.
If a privacy solution wants people to feel safe using it, it needs to answer one question:
Can North Korean hackers *ever* launder money using your solution?
The answer needs to be NO. Not "maybe", not "hopefully not", NO.
Existing solutions fall short. They have guards to prevent known bad actors from joining, but when the guards inevitably fail, the best they can offer to law enforcement is a shrug and a "sorry, we tried".
Governments need to track criminals. Standing in the way is a sure ticket to prison. That's reality.
The simplest solution is a backdoor. Hide user activities from the public, but keep them transparent to the authorities so they can track criminals. It works, but if the authorities get hacked and your financial data leaks, your very life may be in danger. Not good.
Foglight is the first privacy solution that allows the authorities to see activities of criminals, but not law-abiding users.
Foglight gives the authorities visibility of private transactions, but it's limited and above all accountable. Authorities can't run a panopticon, they only get a foglight.
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