SlowMist Research Report: Nearly 75% of Total Money Laundered on The Ethereum Network Is Sent to Tornado Cash

Aug 17,2022
KingData News: To date, Tornado Cash has received 74.7 percent of the total money laundered on the ethereum network, or a whopping 300,160 ETH, according to SlowMist's 2022 Mid-Year Blockchain Security and Anti-Money Laundering Analysis. Approximately 24% (95,570 ETH) of the laundered funds remain in the hacker's wallet, while 1.5% (6,250 ETH) has been sent to the trading platform.
Recently, the U.S. Treasury Department placed Tornado Cash on its sanctions list, which prohibits U.S. citizens from using. This indicator provides market updates on Tornado Cash sanctions.
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