Even though there could be a legitimate use for Tornado Cash in an era of hyper-political divisiveness and de-platforming, Sargent sees Tornado Cash as suspicious. “I don’t think there are that many privacy-conscious people that can put through $10 billion in volume in such a short period of time,” he said. Source link … [Read more...] about Is Tornado Cash Complicit in Laundering Crypto? It’s Complicated, Says Former DEA Agent
Tornado
Crypto.com’s Stolen Ether Being Laundered Via Tornado Cash
The $15 million in ether (4,600 ETH) stolen from Singapore-based Crypto.com is currently being laundered via Tornado Cash, an Ethereum Mixer, according to on-chain data.Tornado Cash is a ETH mixer protocol that promises to improve transaction privacy by obscuring the on-chain link between the source and recipient of ether.The protocol launched in early 2020.On-chain data first … [Read more...] about Crypto.com’s Stolen Ether Being Laundered Via Tornado Cash
Circle and Endaoment to create USDC-based disaster relief fund for communities impacted by deadly tornado
Circle, the company that created the USDC stablecoin, announced a partnership with public charity Endaoment to create a disaster relief fund. The fund will help mid-western American communities impacted by last week's deadly tornadoes. The two entities hope to raise $1 million in grants to support the American Red Cross and local non-profits.Via Endaoment, blockchain … [Read more...] about Circle and Endaoment to create USDC-based disaster relief fund for communities impacted by deadly tornado
Ethereum Mixer Tornado Cash Launches Major Upgrade as V3 Approaches
Popular Ethereum-based privacy mixer Tornado Cash just got a major upgrade as part of a transition to a highly anticipated v3.On Wednesday Tornado Cash announced the launch of Nova, a major upgrade that will take the protocol to sidechain xDai, allow for variable deposits and withdrawals and enable privacy-preserving “shielded” transfer of funds deposited into the protocol’s … [Read more...] about Ethereum Mixer Tornado Cash Launches Major Upgrade as V3 Approaches