Arkham: Tornado Cash remains the largest crypto mixer on Ethereum after being sanctioned by the U.S. Treasury

ChainCatcher news, the encrypted data tracking platform Arkham stated that even after Tornado Cash was sanctioned by the U.S. Treasury in August 2022, it remains the largest cryptocurrency mixer on Ethereum. In the past 30 days, $77.35 million in assets have been transferred through Tornado Cash on the Ethereum mainnet.

It is reported that Tornado Cash operates on 7 different blockchains and can mix 10 types of cryptocurrencies. The asset with the most mixing is the native ETH on the Ethereum mainnet. At its peak in July 2021, the Tornado Cash pool contract held over $700 million in ETH. After being sanctioned by the U.S. Treasury, assets in Tornado Cash decreased by more than 60%, and the transfer volume also significantly dropped. The current TVL of Tornado is approximately $18.79 million.