Arkham: Tornado Cash is still the largest cryptocurrency mixer on Ethereum after being sanctioned by the US Treasury Department

律动BlockBeats · 2023-10-09T23:43:07.000Z

BlockBeats news, on October 10, the encrypted data tracking platform Arkham issued a document stating that even after Tornado Cash was sanctioned by the U.S. Treasury Department in August 2022, it remained the largest cryptocurrency mixer on Ethereum. In the past 30 days, $77.35 million in assets has been transferred on the Ethereum mainnet via Tornado Cash. Tornado Cash runs on 7 different blockchains and allows mixing of 10 cryptocurrencies. Among them, the asset with the most mixed coins is the native ETH on the Ethereum mainnet. At its peak in July 2021, the Tornado Cash pool contract held over $700 million in ETH. After being sanctioned by the U.S. Treasury Department, assets in Tornado Cash fell by more than 60%, and transfer volumes also dropped significantly. Tornado's TVL currently stands at approximately $187.9 million.

According to BlockBeats, on October 10, the crypto data tracking platform Arkham published a statement saying that even after Tornado Cash was sanctioned by the U.S. Treasury Department in August 2022, it was still the largest cryptocurrency mixer on Ethereum. In the past 30 days, $77.35 million in assets have been transferred on the Ethereum mainnet through Tornado Cash. Tornado Cash runs on 7 different blockchains and can mix 10 cryptocurrencies. Among them, the most mixed asset is the native ETH on the Ethereum mainnet. At its peak in July 2021, the Tornado Cash pool contract held more than $700 million in ETH. After being sanctioned by the U.S. Treasury Department, assets in Tornado Cash fell by more than 60%, and transfer volume also decreased significantly. Tornado's TVL is currently about $187.9 million.