Tornado Cash

    Monthly Deposit/Withdrawal flows of Tornado Cash contracts. NOTE: Tornado Cash was Sanctioned by US Treasury on August 6, 2022.

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    After the Aug 2022 US Treasury Sanctions, it became effectively illegal for US users to withdraw and deposit funds into the Tornado mixer.

    NOTE: Coincenter responded with a lawsuit in Oct 2022 arguing that:

    (1) smart contracts are not entities (a requirement for sanctions) and

    (2) Users are receiving their own money, there is not a brokerage or mixing of assets at all.

    Separate from privacy arguments.

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    Stablecoin usage (deposit + withdrawal volume) has plummetted since Sanctons. ETH has become the primary token of choice and even its use has fallen as well.

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