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Tornado Cash deposits down 79% after sanctions were imposed



Time:8/12/2022 12:19:51 PM

[Tornado Cash deposits dropped by 79% after being sanctioned] Jinse Finance reported that, according to The Block Research data, after Tornado Cash was sanctioned, deposits dropped sharply and withdrawals increased. Only $6 million has been deposited into the protocol since it was sanctioned. Compared to the same time in the previous week, this represented a drop of 78.5%.

At the same time, users rushed to withdraw their funds, leading to an increase in overall transaction volume. Since the sanctions were announced, $62 million has been withdrawn from the protocol, reducing the amount of cryptocurrency held in its addresses by 15%. Of this, $14.7 million was withdrawn in the first three hours alone.

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The Tornado Cash DAO website is now offline.

Jinse Finance reported that, according to Watcher.Guru tweets.

Block Chain:8/13/2022 12:22:44 PM
Data: Hackers have stolen $1.4 billion through cross-chain bridge breaches since the beginning of the year

Jinse Finance reported that according to data.

Block Chain:8/11/2022 12:18:52 PM
Blockworks: The Ethereum merger will happen around September 15th or 16th.

On August 12th.

Block Chain:8/12/2022 12:19:42 PM
Data: In the past 24 hours, the entire network has lost 240 million US dollars, and Ethereum has lost 89.14 million US dollars.

[Data: USD 240 million in the entire network in the past 24 hours.

Block Chain:8/15/2022 12:25:45 PM
The Ethereum network has currently destroyed more than 2.5849 million ETH

Jinse Finance reported that according to Ultrasound data, up to now.

Block Chain:8/15/2022 12:25:10 PM
Lisk announced the launch of the blockchain donation program

Jinse Finance reported that Lisk said that Lisk provides developers with tools to conve.

Block Chain:8/12/2022 12:21:15 PM
US judge says Robinhood will face market manipulation claims

Jinse Finance reported that a U.S.

Block Chain:8/12/2022 12:20:12 PM
The Argentine capital government plans to deploy Ethereum verification nodes in 2023

According to news on August 12.

Block Chain:8/12/2022 12:20:27 PM
Bloomberg: Zipmex has received three-month creditor protection from the Singapore High Court

According to news on August 15.

Block Chain:8/15/2022 12:26:08 PM