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Tornado Cash, a well-known crypto mixer, is about to be officially recognized by the Indian government. Despite being sanctioned by the US two years ago for digital money laundering, Tornado Cash has seen a significant uptick in activity. In the first half of 2024, deposits surged by 50%, reaching $1.9 billion. This increase highlights the continued use of crypto mixers, especially in major hacks involving platforms like Poloniex and WazirX.
TORNADO CASH DEPOSITS SOAR TO $1.9B Despite rigorous sanctions, Tornado Cash has experienced a significant 50% surge in deposits, reaching an impressive $1.9B in the first half of 2024. Crypto mixers remain crucial tools, particularly evident in the major hacks at Poloniex and… https://t.co/WLTRfJSxI3
TORNADO CASH DEPOSITS EXPLODE TO $1.9B Despite major clampdowns, Tornado Cash just saw a mind-blowing 50% surge in deposits, reaching a massive $1.9B in the first half of 2024. Crypto mixers are still the go-to, with major hacks like Poloniex and WazirX using them to move… https://t.co/TCfU3L6bFp
Tornado Cash has seen $1.9 billion worth of deposits so far this year, a significant and mysterious jump of 50% from all of last year. https://t.co/ypM64xBs5a