Arkham Intelligence, a blockchain analysis firm, reports that crypto mixing platform Tornado Cash has rebounded after being sanctioned by the US government and its key figures being arrested over a year ago. Tornado Cash assists in anonymizing 10 different cryptocurrencies. Although Tornado Cash’s assets and transfer volume dropped significantly after the sanctions and arrests, they have since recovered to some extent. Currently, the total value locked (TVL) on Tornado Cash is approximately 118,300 ETH ($187.9 million). Despite the challenges, Tornado Cash remains strong on the Ethereum network.
AI Sentiment: Negative