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According to the analytical company SlowMist, in 2022, the Tornado Cash mixer helped to “launder” 74.7% of the total amount of criminal funds in the Ethereum network. At the same time, hackers do not use other mixers.
SlowMist analysts presented a large-scale report “On the security of blockchains and countering money laundering”. According to them, 300,160 ETH were missed through Tornado Cash in 2022, which is 74.7% of the total number of criminal funds. Another 23.7% remain on the wallets of hackers, and only 1.5% were directed to centralized exchanges Huobi, FTX and Crypto.com.
The report also reports that since the creation of the Mixing Service Tornado Cash in 2019, digital assets worth more than $ 7 billion have been laundered through this mixer, while the service was also used by members of the well-known North Korean hacker group Lazarus. That is why tornado Cash addresses were included in the sanctions lists of the US Treasury Department.
Recall that last week in the Netherlands was detained the developer of Tornado Cash Alexei Pertsev. This has led to the fact that the cryptocurrency community is divided – many industry participants oppose the arrest of Pertsev.
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