您现在的位置是:Sanctions couldn't terminate Tornado Cash, says Chainalysis >>正文
Sanctions couldn't terminate Tornado Cash, says Chainalysis
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛626人已围观
简介The decentralised nature of Tornado Cash has made it nearly impossible to put an end to it.Chainalys...
The decentralised nature of Tornado Cash has made it nearly impossible to put an end to it.
Chainalysis revealed that total inflows to the mixer dropped by 68% in the 30 days after sanctions.
Tornado Cash’s smart contract code can be used at any time.
Tornado Cash’s decentralised nature makes it hard to shut down
The Chainalysis team revealed that the sanctions imposed on Tornado Cash weren’t able to completely cut off its usage. In its latest report, Chainalysis said the sanctions had affected the service but hadn’t completely shut it down.
This latest report comes after the Office of Foreign Assets Control (OFAC) announced sanctions against Tornado on August 8, 2022. The sanctions were based on allegations of its part in the laundering of crime proceeds.
In a report publishedon Monday, January 9th, Chainalysis revealed that the sanctions negatively affected the cryptocurrency mixer. Total inflows to Tornado Cash declined by 68% in the 30 days after the sanctions were implemented.
However, Tornado Cash was not completely shut down thanks to the fact that it is a decentralised smart contract. The Chainalysis team said;
“That suggests sanctions against decentralized services act more as a tool to disincentivize the service’s use rather than cutting off usage completely.”
The sanctions saw the Tornado Cash front-end website taken down. However, its smart contracts continue to run indefinitely, meaning anyone can still technically use it at any time.
Chainalysis cited the darknet marketplace Hydra, which, unlike Tornado Cash, saw its crypto inflows drop to zero after a series of sanctions resulted in the German police seizing all its servers.
Tornado Cash faced sanctions for money laundering
The Tornado Cash crypto mixing service was sanctioned last year due to concerns that individuals and entities used it to launder billions of dollars worth of cryptocurrencies since 2019.
The service was allegedly used to launder the $455 million stolen by the North Korea-affiliated Lazarus Group.
The sanctions were increased in November 2022 as the OFAC cracked down on the website for enabling malicious cyber activities, which ultimately support the [North Korea weapons of mass destruction] program.
TORN, the native token of the Tornado Cash platform continues to trade. At press time, the price of Tornado Cashstands at $4.155, up by more than 2% in the last 24 hours.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/7721.html
相关文章
Coinbase lays off 950 employees, CEO says the exchange is well capitalized
Sanctions couldn't terminate Tornado Cash, says ChainalysisThe exchange wants to reduce operating costs by 25%.It is the second crypto exchange after Huobi to...
阅读更多
Has Ethereum Classic ETC/USD lost its glamour?
Sanctions couldn't terminate Tornado Cash, says ChainalysisEthereum Classic has fallen from the August high of $45 to $27The decline in speculations for the cr...
阅读更多
CAKE price prediction: Will PancakeSwap rise in September?
Sanctions couldn't terminate Tornado Cash, says ChainalysisPancakeSwap price had a strong performance in September as demand for top Decentralized Finance (DeF...
阅读更多
热门文章
- OpenAI’s Altman teams up with UAE and TSMC for AI chip venture
- Ensuring the fairness of a crypto casino with provably fair crypto casinos
- Moon could get giant lamp posts to guide future astronauts
- SBF tried to buy off Washington, says Congressman Patrick McHenry
- Make your lonely dog feel better with this $7 Japanese tech
- GRNGrid secures 50 million USD investment Commitment from GEM Digital
最新文章
Interpol issues a red notice for Terraform’s Do Kwon
Kitsumon Launches NFT Breeding Gameplay
NuriFlex successfully completed 1st round of NuriTopia $NBLU token private sales
SBF tried to buy off Washington, says Congressman Patrick McHenry
The big lesson with FTX's collapse is onshore vs. offshore, says former Barclays CEO
BNB prediction as price maintains a recovery