{"id":133494,"date":"2024-07-19T20:45:41","date_gmt":"2024-07-19T17:45:41","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133494"},"modified":"2024-07-19T15:54:08","modified_gmt":"2024-07-19T12:54:08","slug":"tornado-cash-sees-unexpected-deposit-surge-despite-sanctions","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/tornado-cash-sees-unexpected-deposit-surge-despite-sanctions\/","title":{"rendered":"Tornado Cash Sees Unexpected Deposit Surge Despite Sanctions"},"content":{"rendered":"<p><span style=\"font-family: inherit; font-size: 16px;\">In the first half of 2024, the service <strong><a href=\"https:\/\/api.flipsidecrypto.com\/charliemarketplace\/tornado-cash-eF79Rn\" rel=\"nofollow\">attracted<\/a><\/strong> $1.9 billion in deposits, a 50% rise from the previous year.<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2024-07\/063d25db-d301-44b0-af4b-41447f7552bc.png\"><\/p>\n<p>Sanctioned by the U.S. Office of Foreign Assets Control (OFAC) in August 2022 for its role in laundering funds for North Korean hackers, Tornado Cash has been restricted from interacting with regulated exchanges. This makes it difficult for users to convert assets into fiat currency.<\/p>\n<p>Despite these restrictions, Tornado Cash remains a preferred tool for illicit activities. Recent data shows significant transfers from various hacking operations, including $76 million from the Poloniex exchange hack and substantial amounts from the HECO Bridge and Orbit Chain breaches.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-133482\" href=\"https:\/\/cryptodnes.bg\/en\/winklevoss-twins-donate-1-million-in-bitcoin-to-support-senate-bid-against-elizabeth-warren\/\" title=\"Winklevoss Twins Donate $1 Million in Bitcoin to Support Senate Bid Against Elizabeth Warren\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/winklevoss-twins-1024x666-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Winklevoss Twins Donate $1 Million in Bitcoin to Support Senate Bid Against Elizabeth Warren<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>The service\u2019s continued popularity has prompted a lawsuit arguing that the sanctions infringe on constitutional rights and free speech. This legal challenge is backed by major crypto firms and advocacy groups.<\/p>\n<p>The founders of Tornado Cash face their own legal battles: Alexey Pertsev is serving a prison sentence in the Netherlands, Roman Storm is out on bail in the U.S., and Roman Semenov is still at large.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tornado Cash, the crypto mixer under sanction, has experienced a notable increase in deposits despite its legal and regulatory issues.<\/p>\n","protected":false},"author":3,"featured_media":41518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[424],"coin_category":[],"class_list":["post-133494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-crypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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