đ Crypto hot news: Tornado Cash skyrocketed by 50% in deposits in the first half of 2024, despite sanctions from OFAC! đȘïž
- Tornado Cash received $1.9 billion in deposits, an increase of 50% compared to the whole of 2023.
- OFAC sanctions from 2022 due to involvement in North Korea's Lazarus hacker group.
- Hacker Poloniex transfers $76 million, HECO Bridge and Orbit Chain transfer $166 million and $48 million into Tornado Cash.
- The $235 million WazirX hack also involved Tornado Cash.
đ Ether remains the most popular asset on Tornado Cash.
- Many large crypto companies such as Coinbase are suing this sanctions.
- The US Treasury Department considers crypto mixers a national security threat.
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