Dutch Fiscal Information and Investigation Service said the coin mixer had been used to launder over a billion dollars in criminal proceeds, including a hacker group with connections to North Korea.
U.S. Department of the Treasury's Office of Foreign Assets Control said that cybercriminals regularly used Tornado Cash to launder money amounting to more than US$7 billion since 2019.
BSV thought leader Joshua Henslee paints a picture of utter carnage in the digital currency industry with the recent crackdowns on popular exchanges, lending platforms, and other companies.
Tornado Cash is a digital currency mixer that obfuscates transaction history by combining ETH deposits from many users into one pool before paying out Ethereum withdrawals.
Ethereum-based stablecoin "Bean," from the Beanstalk Farms DeFi platform, proved not-so-stable this week as an attacker exploited code in a flash loan contract to siphon off around $182 in value.