Wallets associated with the operation of CoinStats recently transferred almost $1 million in Ether to the controversial crypto mixing protocol Tornado Cash. 🌪️💰 Two wallets associated with the CoinStats operation in June transferred 311 ETH, valued at approximately $959,000, into Tornado Cash. CoinStats reported a security breach on June 22 that affected iOS users.

Despite legal problems, Tornado Cash continues to be actively used for laundering stolen funds. In August 2022, the US Treasury blacklisted the service, prohibiting its use by US citizens, residents and companies.