Tornado Cash Monthly Users Fall by Over 50% Post-US Sanctions

Tornado Cash is experiencing a significant drop in activity following the sanctions by the U.S. Treasury. The number of unique users and weekly deposits and withdrawals have both fallen. Tornado Cash is taking a tumble in terms of activity as a result of the sanctions imposed by the United States Treasury. Data from Dune shows … Read more

Money laundering 0.05% of all crypto transactions in 2021: Chainalysis report

Every year since 2017, blockchain analysis company Chainalysis publishes a report focusing on money laundering and illicit transactions going through the cryptocurrency ecosystem. This year’s report summary shows that while the total amount of laundered money increased by 30%, only a small fraction of all transactions come from illicit activities.  As per the report, cybercriminals … Read more