Tornado Cash Activities After Sanctions
Quick Take
- Less than 30% of Tornado Cash deposit originates from stolen funds and sanctioned entities, while a significant portion possibly comes from legitimate sources, according to Chainalysis.
- The number of unique users has dropped significantly after the sanction, whereas previous depositors rushed to withdraw their funds from the protocol.
- Some privacy advocates sent ether to crypto notables via the sanctioned protocol without their consent, as cryptocurrency wallets cannot reject incoming payments.
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Author: Eden Au
