A wallet connected to the $6 million exploit of the Lendhub protocol in January has sent more than half of its ill-gotten gains into sanctioned crypto mixer Tornado Cash.
that attempts to anonymize Ethereum transactions by combining vast amounts of Ether prior to depositing sums to other addresses.on Aug. 8, 2022, by the United States Office of Foreign Assets Control for its alleged role in the laundering of crime proceeds.
Despite the sanctions and the website for the service being taken down, Tornado Cash is still able to run and be used as it's a smart contract housed on a decentralized blockchain. A January report by blockchain analytics firm Chainalysis said that hacks and scams once contributed to around 34% of all
and were at times inflows reached around $25 million per day, but that dropped by 68% in the 30 days following the sanctions.
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