75% of Laundered ETH Lands on Tornado Cash
Tornado Cash has become a common money laundering platform with rapidly growing incidents across Ethereum and Binance Smart Chain on a consistent uptrend. A substantial magnitude of the illicit funds has lost their trail after going through the mixer.
According to a new report by blockchain security platform SlowMist, 74.6% of stolen funds (or nearly 300,160 ETH) on the Ethereum network were transferred to the controversial cryptocurrency tumbler during the first half of 2022. The US Treasury revealed that Lazarus Group was behind some of the biggest hacks in the crypto space, including the Ronin bridge hack, as announced by the United States Federal Bureau of Investigation (FBI). Tornado Cash came under fire, as a result, for enabling billions of dollars worth of funds to be laundered through its platform.
Source
https://t.me/DeFi_Ethereum
