According to data from blockchain analysis firm TRM Labs, Tornado Cash began to be used much less after the US sanctions.
OFAC, which is affiliated with the US Treasury Department, to launder money in August 2022 on the grounds that it was used Blacklist Tornado Cash took.
Tornado Cash users can use their wallets on Ethereum, BNB Chain, Arbitrum, Avalanche and Optimism networks. crypto money transaction by hiding They can.
Criminals use illegally obtained money hide for this and others like it from mixer services was benefiting.
According to the US Department of Justice, Tornado Cash Laundering more than $1 billion in black money It was used for. It is stated that the North Korean hacker organization Lazarus is among the organizations using it.
According to TRM Labs data, after the US sanctions, Tornado Cash usage increased in general. a 90% reduction happened.
From Tornado Cash between February and July 2022 $2.8 billion There was a transfer of money. The transaction volume in the same period of 2023 is $425 million happened.