The effects of the sanctions imposed by the USA on Tornado Cash, one of the crypto money platforms, began to be felt.
Following the sanctions imposed by the US Treasury Department, less money began to be invested in Tornado Cash.
After the Treasury Department’s sanction announcement, the platform only 6 million dollars worth of cryptocurrencies. This number is compared to the number before the sanctions were introduced. 78.5% lower.
While the number of people sending money to Tornado Cash is decreasing, the number of withdrawing money from the platform is increasing. From Tornado Cash since the Treasury Department’s announcement $62 million fund has been withdrawn.